Maintenance of accounts

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..... ns 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 accountancy, technical consultancy, interio .....

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..... e 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 of serially numbered receipts issued by the person, if 40 the value of the bill exceeds two hundred rupees; (g) original bills or receipts issued to the .....

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..... 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 accout. (8) The expression "international transaction" referred to in sub-section (2) shall have the meaning assigned ot it in clause (17) of section 124. - - statute, statutory provisions legislation, law, enactment, Act .....

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