https://www.taxtmi.com/article/detailed?id=16652 Cloud-based accounting improves efficiency and access, but it also makes the legal location, accessibility, security, and auditability of financial records a central compliance issue. The article explains that electronic books of account may be maintained under the Companies Act, 2013, yet the company remains responsible for retrievability, integrity, and preservation when records are hosted by third-party providers. Similar obligations arise under income-tax, GST, information technology, and data protection regimes, which require timely production of records, reasonable security practices, and continued accountability for personal data. The article recommends vendor due diligence, backup planning, disaster recovery, and robust cloud governance. en-us Mon, 15 Jun 2026 09:10:35 +0530 Mon, 15 Jun 2026 09:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16652 Cloud-based accounting improves efficiency and access, but it also makes the legal location, accessibility, security, and auditability of financial records a central compliance issue. The article explains that electronic books of account may be maintained under the Companies Act, 2013, yet the company remains responsible for retrievability, integrity, and preservation when records are hosted by third-party providers. Similar obligations arise under income-tax, GST, information technology, and data protection regimes, which require timely production of records, reasonable security practices, and continued accountability for personal data. The article recommends vendor due diligence, backup planning, disaster recovery, and robust cloud governance. Articles Accounting - Auditing Mon, 15 Jun 2026 09:10:35 +0530 https://www.taxtmi.com/article/detailed?id=16652