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Tax Audit Checklist for Chartered Accountants

The document outlines an audit program for conducting a tax audit of an assessee named P. A. for the fiscal year. It details 21 areas that will be verified during the audit, including verification of opening balances, purchases and sales, expenses, cash book, bank accounts, journal entries, ledger postings, and comparisons to the prior year's financial statements. Additional areas for the tax audit include checking TDS provisions, cash payments over Rs. 20,000, depreciation calculation, and verifying receipts and challans.

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12 views4 pages

Tax Audit Checklist for Chartered Accountants

The document outlines an audit program for conducting a tax audit of an assessee named P. A. for the fiscal year. It details 21 areas that will be verified during the audit, including verification of opening balances, purchases and sales, expenses, cash book, bank accounts, journal entries, ledger postings, and comparisons to the prior year's financial statements. Additional areas for the tax audit include checking TDS provisions, cash payments over Rs. 20,000, depreciation calculation, and verifying receipts and challans.

Uploaded by

ajay
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

R. J. JAJU.

CHARTERED ACCOUNTANT, BEED


TAX AUDIT PROGRAM
NAME OF THE ASSESSEE :

P. A. NO. :

ADDRESS :

AUDIT FOR THE F. Y. A. Y.

PURCHASES RS. SALES RS.

AUDIT U/SEC.

DATE OF START OF AUDIT COMPLETION DATE

DONE PAGE
AREA OF VERIFICATION DATE CRIETERIA NO.
BY
1) VERIFICATION OF OPENING
BALANCES.
2) PURCHASE &
PURCHAE RETURN
3) SALES &
SALES RETURN
4) CREDIT NOTE

5) EXPENSES / VOUCHER FILE.

6) CASH BOOK.
7) D.D. PAYMENT AND
CORRESPONENCE BOOK.
8) OTHER RELEVENT RECORD

9) ALL BANK A/C


R. J. JAJU. CHARTERED ACCOUNTANT, BEED

10) JOURNAL ENTERIES


11) LEDGER SCRUTINY
12) LEDGER POSTING.
(CASH BOOK TO LEADGER).
13) TOTALING / CASTING.
CASH BOOK
PURCHASE REGISTER
ADAT REGISTER.
LEDGER.
14) BANK RECONCIALATION
STATEMENT
15) TRAIL BALANCE TRACING FROM
LEADGER.
16) ADDITION – DELETION OF FIXED
ASSETS
17) COMPARE RATE WISE VAT
TAXES WITH PURCHASE & SALES

18) ANY OTHER VAT AUDIT POINTS


19) COMPARE WITH LAST YEAR
1. TRADING ACCUNT
2. PROFIT & LOSS A/C
3. BALANCE SHEET
4. G. P. RATIO
5. N. P. RATIO

NAME OF THE ASSESSEE :


R. J. JAJU. CHARTERED ACCOUNTANT, BEED
AUDIT FOR THE F. Y.

FOR TAX AUDIT - ADDITIONAL


AREA DONE REMARK PAGE
BY NO.
1. CHEAK T.D.S. PROVISIONS
APPLICABILITY.
COMISSION / BROKAGE, RENT,
TRANSPORTATION

2. CASH PAYMENT ABOVE 20000

3. ANY OTHER LOAN TRANCATION.


4 DEPRECIATION CALCULATION.
5. LAST YEAR AUDIT ADJUSTMENT.
6. TRANSACTIONS WITH RELATIVES.
7. PAYMENT TO RELATIVES.
8. CAPITAL EXPS ACCOUNTED AS

REVENUE EXPS
9. REVENUE EXPS ACCOUNTED AS

CAPITAL EXPS
10 PERSONAL EXPS ACCOUNTED AS

BUSINESS EXPS
11 PRIOR YEAR EXPS / INCOME

CASH BASIS EXPS

12 VERIFY :

1. L. I. P. RECEIPTS

2. INCOME TAX CHALLAN

3. PROFESSIONAL TAX CHALLAN

4. VAT / SALES TAX CHALLAN

5. TDS CHALLANS
R. J. JAJU. CHARTERED ACCOUNTANT, BEED
6. STOCK VALUATION METHOD

13. PROVISION FOR

1. AUDIT FESS
2. BANK INTEREST
3. TELEPHONE BILL
4. SALES VAT TAX.
5. CONSULTANCY FESS

14. PENALTY DEBITED TO P & L A/C


15 QUANTITWISE PROFITABILITY
16 PRECAUTIONERY POINTS FOR

ASSESSEE
17 CHECK ENTIRES TWICELY ENTERED
18 NEGATIVE CASH
19 CHECK ENTRIES IN MEMORANDUM IN TALLY
20 CHK GROUP OF CREDITORS TO FIND

LOAN ( DR & CR SIDES )


21 CHK 26AS FOR TDS ON NSDL

WEBSITE

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