<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Which books of accounts are required to be maintained?</title>
    <link>https://www.taxtmi.com/manuals?id=3219</link>
    <description>Professionals and businesses must maintain books enabling tax assessment: for specified professions (excluding company secretaries and IT where thresholds apply) maintain cash book, journal if using the mercantile system, ledgers, machine- or serially-numbered carbon copies or counterfoils of bills and receipts, original bills and receipts for expenditures, and signed vouchers where appropriate; medical practitioners must keep a daily case register and inventories of consumable stocks. Where income or turnover exceeds statutory limits, books sufficient to enable computation of taxable income are required.</description>
    <language>en-us</language>
    <pubDate>Wed, 29 Nov 2023 17:28:00 +0530</pubDate>
    <lastBuildDate>Wed, 29 Nov 2023 17:48:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=733317" rel="self" type="application/rss+xml"/>
    <item>
      <title>Which books of accounts are required to be maintained?</title>
      <link>https://www.taxtmi.com/manuals?id=3219</link>
      <description>Professionals and businesses must maintain books enabling tax assessment: for specified professions (excluding company secretaries and IT where thresholds apply) maintain cash book, journal if using the mercantile system, ledgers, machine- or serially-numbered carbon copies or counterfoils of bills and receipts, original bills and receipts for expenditures, and signed vouchers where appropriate; medical practitioners must keep a daily case register and inventories of consumable stocks. Where income or turnover exceeds statutory limits, books sufficient to enable computation of taxable income are required.</description>
      <category>Manuals</category>
      <law>Income Tax</law>
      <pubDate>Wed, 29 Nov 2023 17:28:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/manuals?id=3219</guid>
    </item>
  </channel>
</rss>