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Tax Audit Program: Area of Verification Done BY 1) 2) 3) 4) Credit Note 5)

This document outlines an audit program for a tax audit of an assessee. It lists 20 areas that will be verified, including opening balances, purchases and sales, expenses, bank accounts, journal entries, cash book postings, fixed assets, VAT taxes, TDS provisions, stock valuation, provisions, penalties, and checking entries. The objective is to conduct a thorough audit to ensure accurate tax reporting and compliance.

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Abhishek Chaudhary
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186 views

Tax Audit Program: Area of Verification Done BY 1) 2) 3) 4) Credit Note 5)

This document outlines an audit program for a tax audit of an assessee. It lists 20 areas that will be verified, including opening balances, purchases and sales, expenses, bank accounts, journal entries, cash book postings, fixed assets, VAT taxes, TDS provisions, stock valuation, provisions, penalties, and checking entries. The objective is to conduct a thorough audit to ensure accurate tax reporting and compliance.

Uploaded by

Abhishek Chaudhary
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
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TAX AUDIT PROGRAM

NAME OF THE ASSESSEE : P. A. NO. : ADDRESS :

AUDIT FOR THE F. Y. PURCHASES RS. AUDIT U/SEC. DATE OF START OF AUDIT SALES RS.

A. Y.

COMPLETION DATE

AREA OF VERIFICATION 1) VERIFICATION OF OPENING


BALANCES. 2) PURCHASE & PURCHAE RETURN 3) SALES & SALES RETURN

DONE BY

DATE

CRIETERIA

PAGE NO.

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

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 : AUDIT FOR THE F. Y.

FOR TAX AUDIT - ADDITIONAL


AREA 1. CHEAK T.D.S. PROVISIONS APPLICABILITY. COMISSION / BROKAGE, RENT, TRANSPORTATION CASH PAYMENT ABOVE 20000 ANY OTHER LOAN TRANCATION. DEPRECIATION CALCULATION. LAST YEAR AUDIT ADJUSTMENT. TRANSACTIONS WITH RELATIVES. PAYMENT TO RELATIVES. CAPITAL EXPS ACCOUNTED AS REVENUE EXPS REVENUE EXPS ACCOUNTED AS CAPITAL EXPS PERSONAL EXPS ACCOUNTED AS BUSINESS EXPS 11 PRIOR YEAR EXPS / INCOME CASH BASIS EXPS DONE BY REMARK PAGE NO.

2. 3. 4 5. 6. 7. 8. 9. 10

12

VERIFY : 1. L. I. P. RECEIPTS 2. INCOME TAX CHALLAN 3. PROFESSIONAL TAX CHALLAN 4. VAT / SALES TAX CHALLAN 5. TDS CHALLANS 6. STOCK VALUATION METHOD

13.

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

14. 15 16 17 18 19 20 21

PENALTY DEBITED TO P & L A/C QUANTITWISE PROFITABILITY PRECAUTIONERY POINTS FOR ASSESSEE CHECK ENTIRES TWICELY ENTERED NEGATIVE CASH
CHECK ENTRIES IN MEMORANDUM IN TALLY

CHK GROUP OF CREDITORS TO FIND LOAN ( DR & CR SIDES )

CHK 26AS FOR TDS ON NSDL WEBSITE

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