The definition of a revolution is the movement of one object around a center or another object, a forceful overthrow of a government by the people or any sudden or grand change.1  An example of revolution is movement of the earth around the sun. An example of revolution is movement of the earth around the sun. 2  An example of revolution is the war fought between the colonial people and Great Britain. 3  An example of revolution is the introduction of the automobile into society.
How Long You Should Keep Tax Records. To be on the safe side, keep your tax records for a minimum of three years or whenever the statute of limitations runs out for filing returns or refunds, whether youâre claiming personal deductions or keeping receipts for business expenses.
If the total amount you are claiming is $300 or less, you do not need to keep receipts, but you must be able to show how you worked out your claims. You need to keep written evidence of your work-related expenses for five years from the due date for lodging your tax return. If you lodge your tax return after the due date, the five years start from the date you lodged your tax return. For a depreciating asset, you must keep records for five years from the date of your last claim for decline in value (depreciation). Last modified: 05 Oct 2016QC 26103.