Hina wants to store income tax records of the last three years in electronic form. However, she is not sure whether it will satisfy legal requirement should there be a need to produce those records at a later date before appropriate authority. Advise her by selecting the most appropriate answer:-

A) No problem, she can store the records in electronic form on a floppy disk B) She can store the records in electronic form on CD-ROM C) She can store the records in electronic form only if they are retrievable, usable and can be accurately reproduced at a later date D) She can store the records on any media as long as she is able to retrieve it at a later date

Answer & Solution

Correct Answer: Option D

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Hina wants to store income tax records of the last three...

Hina wants to store income tax records of the last three years in electronic form. However, she is not sure whether it will satisfy legal requirement should there be a need to produce those records at a later date before appropriate authority. Advise her by selecting the most appropriate answer:-

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