Right & Legal Records:

You'll need to keep records to help you prepare your financial statements, monthly returns and annual income tax return. Depending on your tax obligations you may need to keep other records as well. Some of records that need to be maintained:

• Sales Invoices & Register
• Purchase Invoices & Register
• Expenses Records
• Banking Records
• Income tax and GST filings
• Payments to employees and vendors
• Other Tax Filing and Accounting records

You can keep records in paper form or store everything electronically.  Whichever you choose, make sure you store your records in a secure place. Familiarise yourself with proper backup procedures and if possible, have a secure off-site storage location. You can also choose a free accounting software to maintain the above data securely.

Filingdigits.com will help you in every way to maintain the above data or to choose a better outsourcing options for the same.