Tax Audit process helps in ensuring that the books of
accounts and other records reflect the true income of the assessee and is
maintained in accordance with the provisions of the Income Tax Act, 1961.
The key features of Tax Audit tool in Tally.ERP 9 comprises
of:
-
Printing of Form 3CD with Annexure I
-
Generate Annexures to Form 3CD
-
Printing of Form 3CA and Form 3CB
-
Extracting financial and quantitative information required for Tax Audit (under Sec. 44AB)
-
Displaying relevant data for Audit based on Clause requirement
-
Instant Statistics on Audit Listings (Audited Vouchers & Unaudited Vouchers)
-
Facility to record Audit Remarks using Audit Note
-
Provision to mark Vouchers for Internal Observation within the Audit Team
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Provision to mark Vouchers for Verification from Clients
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Facility to post corrections and reviews remotely
-
Tracking any alteration / modification to vouchers post Audit
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Availability of ready references - Clause Reference while filling Form 3CD
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Provision for Clause References at the Company or Voucher Level
Form 3CD
Tally.ERP 9 provides the facility of printing Form 3CD with the required Annexures to file the Tax Audit returns under section 44AB. -
Form 3CD
-
Annexure I
To complete Form 3CD refer to Filling Form 3CD section.
To print Form 3CD refer to Printing Form 3CD section.
The additional Forms i.e. Form 3CA and Form
3CB can also be printed from Tally.ERP 9.
Annexures to Clause 16, 17(a-m), 18, 21, 24(a), 24(b) can be
generated as explained in Printing Tax Audit Annexures
section
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Performed by tax authorities, income tax audit verifies the correctness of reported income, deductions, and credits. It aims to prevent tax evasion and ensure the correct amount of tax is paid.
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