Tax Audit with Tally.ERP 9 Under Section 44AB of IT Act

1. Tax Audit with Tally.ERP 9Under Section 44AB of IT Act

2. Tax Audit Dashboard Go to Gateway of Tally > Audit & Compliance > Tax Audit Click on this button to print Annexures to Form 3CD Click on this button to change the Period Click on this Button to save the Audit Completion Status for Each Clause Click on this Button to view the Need Clarification And Clarified Vouchers For all modules Auditor can set the Tax Audit Rules & Statutory Payment dates from the Audit Features screen Displays the Voucher Count that are Altered by Client After Audit completion Displays the Voucher Count for each Clause which are kept for senior’s help Displays the Voucher Count that are sent for Client’s Clarification Displays the total number of Vouchers already Audited by the Auditor Displays the Audit Completion Status as Marked by the Auditor Displays the total number of Vouchers available or Left for Audit Displays the Voucher Count which are Clarified by the Client Click on this button to display the Last Audit details

3. F9: Save Audit – to mark Audit completion for a Clause To mark/change the Audit Complete status for a clause: • Select the Clause by pressing Spacebar on the required Clause • Click on F9: Save Audit This will be helpful when multiple Article Clerks are working on different Clauses to keep track of the Clauses for which Audit is completed and Annexure can be printed. • Press Crtl+A to save the Audit Completion status Note: If there are any Altered Vouchers, then the respective Clause cannot be marked as Audit Completed till the Altered Voucher is re-audited.

4. F11: Audit Features The Auditor can enter the Rules for Amounts Inadmissible u/s 40A(3) and set the Statutory PaymentDue Dates to display appropriate Payment status in the Tax Paid section of the Tax Audit reports. Go to Gateway of Tally > Audit & Compliance > Tax Audit > F11: Features e.g. if the Auditor sets 20thas Tax Payment date in the above screen for VAT, then the Tax Paid on or before 20th will show the status as Paid on Time, Payments made after 20th will be marked as Paid Late.

5. F12: Configure – to display the last Audit details Go to Gateway of Tally > Audit & Compliance > Tax Audit > F12: Features • Set Show Last Audit Details to Yes • Press Enter to display the Last Audit details When there are multiple article Clerks, this feature will provide the details of the Article clerk responsible for each Clause.

6. Auditing for Amounts Inadmissible u/s 40A(3) Go to Gateway of Tally > Audit & Compliance > Tax Audit Click on this button to view Ledgers belonging to specific Group Click on this Button to view the report for the Ledgers which are skipped during Audit as allowed expenditure Click on this button to view all the Vouchers, by default only Unaudited Vouchers are displayed Displays all the Ledgers under Primary having Aggregate Payments more than 20,000 per day Click on this button to exclude the Expenses which are allowed under Rule 6DD Highlight the selected line by using the up and down arrow keys and press Enter Select the Ledger that needs to be excluded from Cash Payments (allowed as expenditure under Rule 6DD) Click on this Button to view the Range wise Cash Payments report. The range can be selected by the user as required Select the Required Ledger and press Enter to View the Ledger Vouchers Report. Highlight the Payment entry and press Enter to Audit. Or Select the Payment entry by pressing Spacebar and press F9: Audit button Select the Clause for which the Ledger needs to be excluded Specify the period for which the Ledger needs to be skipped for the selected Clause Press Enter and Press Ctrl+A to save the Audit details • Select the required Audit Status, enter/alter the Amount that needs to be disallowed and Audit Remarks in the Audit Note field. • When Disallowed is selected as Audit Status for any Voucher it will be reported in the Annexure. • When Disallowed is selected as the Audit Status the Amount to be disallowed can be specified by the Auditor. • Audit Note as entered is only for Auditor’s reference and will not be printed in the Annexure Click on this Button to view the Bank Summary report. The Auditor can mark any Voucher as Bearer Cheque to bring the same in the Cash Payments Report.

7. Printed Annexures to Form 3CD Go to Gateway of Tally > Audit & Compliance > Tax Audit > Press Alt+P to print Annexures Annexures for Bonus, PT, PF, ESI for Clause 16 and 21: Contd…

8. Printed Annexures to Form 3CD Annexures to Clause 17(h), Clause 18 and Clause 24(a) & (b): Contd…

9. Printed Annexures to Form 3CD Annexures to Clause 21 (TCS, Service Tax, VAT) & Annexure II (FBT) Contd…

10. Printed Annexures to Form 3CD Annexures to Clause 27 (Tax Deducted at Source)

11. Form 3CD Go to Gateway of Tally > Audit & Compliance > Form 3CD Click on this button to Print Form 3CD, Annexure I & II Click on this button see detailed view Click on this button to change the period The information for Clause 1-6 is picked from Company Master Click on each clause to enter the required information Click on this button to copy filled Form 3CD from previous year or a different company

12. Printed Form 3CD Go to Gateway of Tally > Audit & Compliance > Form 3CD > Press Alt+P to print Form 3CD, Annexure I & Annexure II Form 3CD Page 1 - 3: Contd…

13. Printed Form 3CD Form 3CD Page 4 - 6: Contd…

14. Printed Form 3CD Form 3CD Annexure I & Annexure II:

15. Thank You