Electronic vouchers
This query is : Resolved
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
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