Keep all business related receipts

You should keep track of all your receipts and have them stored in safe places. Basically the idea is that you can ask for tax reductions based on the expenses that you show and the receipts you are able to reproduce to the Income Tax Department. So keeping a track of all bills and receipts is highly recommended and needed for you to save maximum tax.

If you have kept all your receipts together whether they are related to business expenses or personal expenses, only then you can actually take deductions on them.

The first step is to keep a track of all business related receipts and preferably personal receipts as well and keep in them in safe storage, in a well maintained and ordered manner, so that you can at least get the opportunity to take tax benefits on those receipts, else you don't have any choices. You are forced into paying extra tax if you fail to do so.

That is why keeping all business related receipts and bills, be it of purchases or products, services or of any other type, is very important. You can ask your spouse or other family members to take care of your receipts or even your secretary or assistants to do that for you in case you are unable to do the needful. However taking care of all business related receipts is essential. You can also have a copy of those receipts with your CA so that he can do his work accordingly.