Tax Audit in Tally.ERP 9

The Tax Audit feature in Tally.ERP 9 enables the user to compile information in comparatively less time with the required accuracy to form the right opinion. From the vast data available, the required information that needs to be reported can be identified and extracted precisely.

While conducting Tax Audit in Tally.ERP 9, the Auditor and other users can examine, review, analyse the books of accounts and other records with a view to compile information and data required to be reported in Form 3CD, and thereupon express an opinion wherever required.

In Tally.ERP 9, the following clauses are available as Annexures with respect to Form 3CD:

• Bonus, PF, ESI Recoveries (Clause 16)
• Amounts debited to P&L a/c  (Clause 17)
• Payments to Specified Persons (Clause 18)
• Payments u/s 43B (Clause 21)
• Employer’s Contribution
• Tax Collected at Source
• Service Tax
• Value Added Tax
• Loans / Deposits Accepted (Clause 24(a))
• Loans / Deposits Repaid (Clause 24(b))
• Tax Deducted at Source (Clause 27)

Apart from these Annexures to Form 3CD, a separate section - Verification of Vouchers is provided in Tax Audit Dashboard that covers Clauses not covered in the list specified above.