https://www.taxtmi.com/acts?id=11756 Every person must keep and maintain books of account and other documents enabling the Assessing Officer to compute total income; persons entering into international transactions must retain prescribed information relating to those transactions. Specified professionals and other businesses meeting or likely to meet prescribed thresholds are subject to the obligation. Required records include cash book, ledger, journal where applicable, daily inventory register, serially numbered bills and receipts above the prescribed value, original bills for sizable expenditure, and payment vouchers for small expenditures without receipts. The Board may prescribe additional books, particulars, forms, places of maintenance and retention periods. en-us Fri, 17 Sep 2010 10:10:58 +0530 Fri, 17 Sep 2010 13:40:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11756 Every person must keep and maintain books of account and other documents enabling the Assessing Officer to compute total income; persons entering into international transactions must retain prescribed information relating to those transactions. Specified professionals and other businesses meeting or likely to meet prescribed thresholds are subject to the obligation. Required records include cash book, ledger, journal where applicable, daily inventory register, serially numbered bills and receipts above the prescribed value, original bills for sizable expenditure, and payment vouchers for small expenditures without receipts. The Board may prescribe additional books, particulars, forms, places of maintenance and retention periods. Act-Rules Bills Fri, 17 Sep 2010 10:10:58 +0530 https://www.taxtmi.com/acts?id=11756