(1) Tax payers shall keep up-to-date accounts of their transactions for the tax period as per Section 18 and if required by the tax officer to inspect such accounts, they shall provide such accounts to the tax officer wherever they may be.

< p>(2) The accounts maintained by the taxpayer shall also include the following items:-

(a) Date of transaction,

(b) Value of each transaction,

(c) If the other party to the transaction is registered, his registration number and

(d) Other matters related to the transaction as specified. And the sales account shall be used for the purpose of keeping accounts.

(4) The taxpayer shall keep the accounts of the transaction safe for a specified period.

(5) Procedures prescribed by this Act or the rules made under this Act. The completed accounts maintained by the taxpayer will be recognized until proven otherwise.