F11:- Audit Features
The Auditor needs to set the following Tax Audit Rules and Payment Due dates for various clauses: ● Tax Audit Rules for Amounts inadmissible u/s 40A (3) - (Clause 17(h) ● Statutory Payment Due Dates for Value Added Tax and Central Sales Tax ● Statutory Payment Due Dates for Service Tax ● Statutory Payment Due Dates for Tax Collected at Source ● Statutory Payment Due Dates for Provident Fund, ESI and Professional Tax
Tax Audit Rules for Amounts inadmissible u/s 40A (3) - (Clause 17(h) To set the Tax Audit Rules for Amounts inadmissible u/s 40A (3) (Clause 17(h)) (Cash Payments), Go to Gateway of Tally > Audit & Compliance > 44AB Audit
● Click on F11: Features or Press F11 Under Inadmissible Cash Payments U/s 40A (3), ● Show Aggregate for the Day : This option should be set to Yes if the Auditor wants to view the Payment Vouchers with Aggregate amount more than specified in Show Aggregate Amounting More than field ● Show the Aggregate Amounting more than : ● When Show Aggregate for the Day is set to Yes, this will display only those Payment Vouchers belonging to a Ledger, which exceeds the aggregate amount as entered in this field for a day. ● When Show Aggregate for the Day is set to No, this will display only those Payment Vouchers belonging to a Ledger, which exceeds the aggregate amount entered in this field for the Period. ● Ignore Vouchers having Amount less than : Enter the required amount in this field. The Payments Vouchers having the amount less than entered in this field will be ignored while displaying the Cash Payments report. ● Press Enter to Accept and save the changes.
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Statutory Audit To enable Audit Working Paper, tab down to Audit Documentation section ● Set the option Enable Audit Working Paper to Yes ● Set the option Enable Audit Working Paper? to Yes. On enabling the option Enable Audit Working Paper, a menu option Audit Working Paper will be displayed in Audit Documentation Menu. ● Set the option Enable Audit Priorities and Categories? to Yes to assign priorities and categories while seeking clarification from users of the company in Tally.ERP 9.
Note: The system will check the Challan date with the date entered in the F11: Audit Features screen and display the status as: On Time: When Payment is made on or before the due date. Late: When the Payment is made past the due date. Late (Partially): When at least one payment is made past the due date. Due / Late (Partially): When one payment is made past the due date and another payment is due. Due (Partially): When at least one payment is not made and other payments are made on time. Due: When the Payment is not made past the due date.
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