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Hi, Welcome to Corporate Tax Day 56. Today we are going to see all about record keeping under Corporate Tax Law. Taxable persons are required to maintain records and documents that support the information provided in the tax written submitted to the F.T. and enable taxable persons taxable income to be easily ascertained by the F.T. The record and information should be maintained typically includes but not limited to bank statements, loans and financial documents, sales and purchase registers, financial statements and other records and delivery notes. There is no requirement that these documents need to be maintained in their original format. It may be possible to keep them in an alternate format that is scan copy.

Hi, Welcome to Corporate Tax Day 56. Today we are going to see all about record keeping under Corporate Tax Law. Taxable persons are required to maintain recor…