We use credit card for payment of Petrol for which petrol receipt is issued. Are we need to safe this petrol receipt for 8 years as per Income Tax Rule.
Thanks
Hemchand Kohli (Accountant) (889 Points)
21 July 2017We use credit card for payment of Petrol for which petrol receipt is issued. Are we need to safe this petrol receipt for 8 years as per Income Tax Rule.
Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169809 Points)
Replied 21 July 2017
Yes, if the paid amount is above 5000/-
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)