TaxTMI 
TaxTMI 
Keeping records in digital format
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....eeping records in digital format<br> Query (Issue) Started By: - pradip patwardhan Dated:- 23-12-2014 Last Reply Date:- 23-12-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear sir, My query is reg....
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....arding keeping records for the income tax and other indirect taxes. Now days we all are promoting about using e-paper, e-invoices to save a paper (to save the trees) but same time we need to keep reco....
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....rds of business for long time for the department scrutiny, audit purpose. But instead of physical records we can keep some business related invoices or papers in format of soft copies and we can make ....
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....it available in future while govt. scrutiny and other purpose. Now we see that in case of airline and railway traveling the railway and Airlines also allow soft copy of e-tickets then we don't need to....
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.... take a print out and can keep it in future for business traveling expenses purpose. So doubt is can we keep the records (which are not mandatory to print) in digital format (soft copy) instead of phy....
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....sical to minimize the records size and indirectly to save papers?? Please throw some lights on this issue with your expert opinion. Regards, Pradip Patwardhan Reply By MARIAPPAN GOVINDARAJAN: The R....
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....eply: Dear Sir, You can keep the records in digital format instead of physical one. Regards, Dr. M.Govindarajan<br> Discussion Forum - Knowledge Sharing ....