TMI BlogMaintenance of accountsX X X X Extracts X X X X X X X X Extracts X X X X ..... e 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, namely:— (a) any person carrying on legal, medical, engineering, architectural profession or profession of accoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wing, 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) copies of serially numbered bills issued by the person, if the value of the bill exceeds two hundred rupees; (f) copies or counterfoils ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the particulars to be contained in the books of account and documents; and (c) the form and the manner in, and the place at, which the books of account and other documents shall be kept and maintained. (7) The Board may prescribe the period for which the books of account and other documents required to be kept and maintained under this section shall be retained. Maintenance of accou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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