Method of Accounting & Records Chapter- 11
Daily record of receipts, sales, payments, purchases and expenses, a single entry in respect of daily
receipts, sales, purchases and different heads of expenses will suffice; and
Vouchers of purchases and expenses.- Taxpayer with business income exceeding Rs. 5 00,000 [Rule 30(2)]
Taxpayers with business income exceeding Rs. 5 00,000 and wholesalers, distributors, dealers and
commission agents:
Serially numbered and dated cash-memo / invoice / receipt for each transaction of sale or receipt
containing the following:
taxpayer's name or the name of his business, address, NTN, CNIC and sales tax registration
number, if any;
the description, quantity and value of goods sold or services rendered; and
in case of a wholesaler, distributor, dealer and commission agent, where a single transaction
exceeds Rs.10,000, the name and address of the customer;
Provided that where each transaction does not exceed Rs.100, one or more cash-memos per day for
all such transactions may be maintained;
Cash book and /or bank book or daily record of receipts, sales, payments, purchases and expenses,
a single entry in respect of daily receipts, sales, purchases and different heads of expenses will
suffice;
General ledger or annual summary of receipts, sales, payments, purchases and expenses under
distinctive heads;
Vouchers of purchases and expenses and where a single transaction exceeds Rs. 10,000 with the
name and address of the payee; and
Where the taxpayer deals in purchase and sale of goods, quarterly inventory of stock-in-trade
showing description, quantity and value.- Professionals [Rule 30(3)]
Professionals (like medical practitioners, legal practitioners, accountants, auditors, architects,
engineers etc.):
Serially numbered and dated patient-slip / invoice / receipt for each transaction of sale or receipt
containing the following:
taxpayer's name or the name of his business or profession, address, NTN, CNIC and sales tax
registration number, if any;
the description, quantity and value of medicines supplied or details of treatment/ case/ services
rendered (confidential details are not required) and amount charged; and
the name and address of the patient / client;
Provided that the condition of recording address of the patient on the patient slip under this clause
shall not apply to general medical practitioners;
Daily appointment and engagement diary in respect of clients and patients:
Provided that this clause shall not apply to general medical practitioners;
Daily record of receipts, sales, payments, purchases and expenses; a single entry in respect of daily
receipts, sales, purchases and different heads of expenses will suffice; and
Vouchers of purchases and expenses.- Manufacturers having turnover more than Rs.2.5 million [Rule 30(4)]
Serially numbered and dated cash-memo / invoice / receipt for each transaction of sale or receipt
containing the following:
taxpayer's name or the name of his business, address, NTN, CNIC and sales tax registration
number, if any;