For every source of income, you have to maintain proof of earning and the records specified under the Income-tax Act. In case no such records are prescribed, you should maintain reasonable records with which you can support the claim of income.
myITreturn.com is India's leading Tax and Compliance solutions provider. Our solutions are used by over 3 million users and by ET & Fortune 500 companies.
Learn more about our products and services at the links given below:
For the latest news and insights on taxation, follow us on social media: