Maintenance of taxable banking transaction records requires scheduled bank branches to use prescribed form and retain electronic records if computerized. Every branch of a scheduled bank must keep particulars of taxable banking transactions in the prescribed Form No. 1, and if the branch maintains daily ... Summary
Maintenance of taxable banking transaction records requires scheduled bank branches to use prescribed form and retain electronic records if computerized.
Every branch of a scheduled bank must keep particulars of taxable banking transactions in the prescribed Form No. 1, and if the branch maintains daily accounts on computer media, the same particulars must be kept and maintained on computer media.
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