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CA Final · Indirect Tax Laws · Accounts and Records; E-way Bill

Sunrise Pharma Ltd stores its accounts in password-protected, coded files. On demand, the officer asks for access to the files. Which set of items must the company provide under the electronic records rule?

The company must provide the details of the files, their passwords, explanation of codes used where necessary, any other information needed for access, and a sample copy in print form of the stored information. Providing only some of these items would not satisfy the rule.

  1. AOnly a sample copy in print form of the stored information
  2. BDetails of the files and passwords, along with a sample print copy, but not any explanation of codes
  3. CDetails of the files, passwords of the files, explanation for codes used where necessary, other information needed for access, and a sample copy in print formCorrect
  4. DOnly the passwords, as the details of files are confidential trade information

Explanation

The rule says that on demand the person shall provide the details of the files, passwords of the files and explanation for codes used, where necessary, for access, and any other information required for such access, along with a sample copy in print form. Omitting the code explanation or the print sample would be incomplete.

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