Q. When I incur an expense, shall I require keeping a record of the invoice or bill raised by the seller/service provider/vendor. Anything else?

Agam Gupta March 30, 2016 829 Views

When you incur any expense or earn any income, you need to keep the invoice copy with yourself to make us possible to do the accounting properly. Further, if you don’t keep the bill/invoices properly, then your that expense can be disallowed permanently by the government authorities, if invoice is not presented before them while scrutiny.