Section 153: Keeping of books and records

153. Keeping of books and records (1) Every person carrying on business or deriving income other than emoluments shall keep, whether on computer or otherwise, in the English or French language, proper books, registers, accounts, records such as receipts, invoices and vouchers, other documents such as contracts and agreements, and a full and true record of all transactions and other acts engaged in by him that are relevant for the purpose of enabling his gross income and allowable deductions to be readily ascertainable by the Director-General and for any other purpose of this Act. (2) Every employer shall keep— (a) records showing emoluments paid to every employee and tax withheld from those emoluments; and (b) the Employee Declaration Forms furnished by his employees. (3) Every book, record or document required to be kept under this section shall be kept for a period of at least 5 years after the completion of the transaction, act or operation to which it relates. [S. 153 amended by s. 11 (r) of Act 28 of 2004 w.e.f. 28 August 2004; s. 9 (z) of Act 10 of 2010 w.e.f. 24 December 2010.] [Issue 9] I5 – 94 (4) Revised Laws of Mauritius