Electronic vouchers
This query is : Resolved
Amjad Jabbar
(Querist)
05 April 2012
Section 209-4A of the Companies Act 1956 mentions of storage of books of accounts and vouchers relevant to it for min of 8 years.
Does it mean that the vouchers need to be stored in original physical copy only? Can scanned versions be saved for verification?
What if the original voucher is itself an electronic voucher (like e-version of telephone bills)?
Please answer based on Company Act; IT Amendment Act 2008 Sections 4,6,7,7A on electronic records; and practically how does auditors and tax/other govt/courts accept electronic records?
Does it mean that the vouchers need to be stored in original physical copy only? Can scanned versions be saved for verification?
What if the original voucher is itself an electronic voucher (like e-version of telephone bills)?
Please answer based on Company Act; IT Amendment Act 2008 Sections 4,6,7,7A on electronic records; and practically how does auditors and tax/other govt/courts accept electronic records?
06 April 2012
Now a days due to shortage of storage space it is permitted to store the vouchers, data etc. in electronic form. Hence, the scanned copy is as good as original. If required a colored printout can be taken which is not less than an original
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Capital Gains Tax on Inherited Mutual Fund
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
