Tax Audit ChecklistSystem 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