Do I have to maintain any records or proof of earnings?
Submitted by navin on Wed, 10/22/2008 - 13:27
For every source of income you have to maintain proof of earning and the records specified under the IT Act. In case, no such records have been laid down, you should maintain reasonable level of records with which you can support the claim of income.
Random FAQs
- How penal action on errant partners who are not residents of India will be taken?
- My spouse and I jointly own a house for construction of which both of us have invested equally out of independent sources. Should the rental income received be split between us and taxed in the individual hands?
- Can the details submitted while applying for DIN be updated/ modified at a future date?
- As an agriculturist, am I required to maintain any proof of earning and expenditure incurred?
- Can I use Pvt., (P), Ltd., etc. in place of Private or Limited in the proposed name of the company while filing eForm 1A?
- What is the minimum Paid-up Capital at the time of registration of a company?









