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Tax Audit Checklist

System driven exception reports


Verify cash payments
exceeding Rs. 20,000

Verify cash transaction amounts exceeding Rs.


20,000 aggregated during the day
(Disallowed u/s 40 A(3) of IT Act.
(Clause 17h))

Verify Loans/Deposits
accepted/repaid > Rs.
20,000
(Clause 24(a) & Clause 24(b))

Clause 27 - Tax Deducted


at Source

Verify cash transaction amounts accepted in


excess of Rs. 20,000

Gateway of Tally > Audit & Compliance > 44AB Audit > Clause No. 17:
Amounts debited to P&LA/c > Clause No. 17h: Amounts inadmissible
u/s 40A(3)
Gateway of Tally > Audit & Compliance > 44AB Audit > Clause No. 24
(a): Loans/Deposits Accepted

Verify cash transaction amounts repaid in


excess of Rs. 20,000

Gateway of Tally > Audit & Compliance > 44AB Audit > Clause No.
24(b): Loans/Deposits Repaid

Annexures to Clause 27 (b) (i to v) can be


generated automatically if TDS module is
enabled and transactions recorded

Gateway of Tally > Audit & Compliance > Clause 27: Tax Deducted at
Source

Configurable Annexures & Reports to Form 3CD


Auto-generate annexure Conduct vouching to simultaneously generate
annexures of clauses
of clause

Map & Audit transactions


as reference to generate
report of clause

Provision to fill annexure


(Particulars of Member/
Partner/ Depreciation/
Annexure 1/CENVAT
Credits & Prior period
expenditure)

Gateway of Tally > Audit & Compliance > 44AB Audit > Select clause
(no. 16 to 27) > Drill down to ledger voucher & press enter > Select
Audit Status & enter Remarks > Press Y To accept

Map transactions as reference point to fill


relevant clause details of Form 3CD

Gateway of Tally > Audit & Compliance > 44AB Audit > Click V : Enable
Veri. of Vouchers (shortcut - Alt + V) > Verification of Vouchers > Drill
down to Ledger Voucher > Click C : Clause Reference (shortcut - Alt + C)
> Select relevant Clause > Under 'Details For', select 'Voucher' > Enter
details > Press Y to accept

Conduct vouching and record clause-wise audit


observations

Gateway of Tally > Audit & Compliance > 44AB Audit > Verification of
Vouchers > Drill down to Ledger Voucher > Press Enter to audit voucher
> Select respective Clause > Select Audit Status > Enter remarks

Fill particulars of Members/Partners

Gateway of Tally > Audit & Compliance > Form 3CD > Enter into Clause
7(a & b) > Click A : Annexure (shortcut key, Alt + A) > Fill Particulars of
Members/Partners

Fill Depreciation details

Gateway of Tally > Audit & Compliance > Form 3CD > Enter into Clause
14(a - f) > Click A : Annexure> Fill particulars of depreciation

Fill particulars for CENVAT credits and prior


period expenditure

Gateway of Tally > Audit & Compliance > Form 3CD > Annexure - I to
Form 3CD > Clause 22 (a & b): CENVAT Credits & Prior Period
Expenditure > Click A: Annexure > Fill particulars
Gateway of Tally > Audit & Compliance > Form 3CD > Annexure - I to
Form 3CD > Fill particulars of Annexure - I

Fill particulars of Annexure - I for Current and


Previous year

Note: Copy particulars of Annexure - I from previous year. (Gateway of


Tally > Audit & Compliance > Form 3CD > O : Copy From > Select
Company > Select Financial Year > Press Y to accept)

Tax Audit u/s 44AB


Record details of clause with ready-reference
to supporting annexures

Generate Form 3CD

Record details of clause with ready-reference


to mapped transactions
Record details of clause based on auditobservations

Gateway of Tally > Audit & Compliance > Form 3CD > Enter into Clause
(having Annexure) > Click A : Annexure
Note: System driven annexures will be pre-filled
Gateway of Tally > Audit & Compliance > Form 3CD > Enter into Clause
(having Report or Annexure) to which transactions are mapped > Click
C : View Clause Ref
Gateway of Tally > Audit & Compliance > Form 3CD > Enter into clause
> X : 44AB Audit