https://www.taxtmi.com/forum/issue?id=1582 Whether soft copies fall within books or books of account is disputed because the tax definition expressly mentions "printouts of data". A narrow reading would exclude electronic-only records, but the Information Technology regime treats electronic records that are accessible and usable for subsequent reference as satisfying statutory writing requirements, so electronically stored ledgers and data can function as books of account if maintained and retrievable; legislative clarification is advisable to remove ambiguity. en-us Tue, 03 Nov 2009 21:11:31 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1582 Whether soft copies fall within books or books of account is disputed because the tax definition expressly mentions "printouts of data". A narrow reading would exclude electronic-only records, but the Information Technology regime treats electronic records that are accessible and usable for subsequent reference as satisfying statutory writing requirements, so electronically stored ledgers and data can function as books of account if maintained and retrievable; legislative clarification is advisable to remove ambiguity. Discussion-Forum Income Tax Tue, 03 Nov 2009 21:11:31 +0530 https://www.taxtmi.com/forum/issue?id=1582