TMI BlogMaintenance of accountsX X X X Extracts X X X X X X X X Extracts X X X X ..... e his total income in accordance with the provisions of this Code. (2) Every person who has entered into an international transaction shall keep and maintain such information and document in respect thereof, as may be prescribed. (3) The person referred to in sub-section (1) shall be the following:- (a) any person carrying on legal, medical, engineering, architectural profession or pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to in sub-section (1) shall be the following, namely,- (a) a cash book; (b) a journal, if the accounts are maintained according to the mercantile system of accounting; (c) a ledger; (d) register of daily inventory of business trading asset; (e) carbon copies of serially numbered bills issued by the person, if the value of the bill exceeds fifty rupees; (f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rticulars to be contained in the books of accounts and documents;and (c) the form and the manner in, and the place at, which the books of accounts and other documents shall be kept and maintained. (7) The Board may prescribe the period for which the books of account and other documents to be kept and maintained under this section shall be retained. - - statute, statutory provisions l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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