TAX AUDIT CHECKLIST

S. No. Requirement Availability (Yes / No / NA)

1 Signed Financial Statements for the Previous Year along with the Audit Report.

Yes

2 Form 3CD filled Yes3 Signed Tax Audit Representation Letter4 Signed Certificate under Section 40A(3)5 Signed Certificate under Section 269 SS & 269

T6 Declaration by the company towards Related

Parties covered under Section 40 A(2b) along with the list of transactions with the party during the financial year.

Declaration to be obatined

7 Computation of Depreciation as per the provisions of Income Tax Act.

Yes

8 Detailed Breakup of Addition and Deletion of Assets during the financial year.

Yes

9 Details of Statutory payments such as Provident Fund, Employee State Insurance, Value Added Tax, Service Tax, Central Sales Tax, Luxury and any other statutory payments made during the previous year containing the due date for payment as well as the actual date of payment. Note: For Provident Fund and Employee State Insurance the Employer and Employee contribution has to be mentioned separately.

Yes

10 Details of Tax Deduction at Source and its remittance to the Central Government. The schedule must contain the monthly deduction and remittance along with due date and actual date of remittance.

To be.

11 Gratuity provision and payment made during the financial year including the details of payments made towards provision made during the previous years.

Yes

12 Bonus provision and payment made during the financial year including the details of payments made towards provision made during the previous years.

Yes

13 Leave Encashment provision and payment made during the year including the details of

Yes

payments made towards provision made during the previous years.

14 Details of any penalty paid by the company during the financial year.

No penalty paid.

15 Details of payment to clubs made during the financial year.

There were no payments to club.

16 Details of Donation made by the company during the financial year along with the relevant certificate if any issued under Section 80G of the Income Tax Act.

Nil.

17 Details of Exempt Income under the provisions of Income Tax Act along with the deemed expense computation under the provisions of Section 14A of the Income Tax Act.

Nil.

18 Details of Computation of Deferred Tax. Yes19 Computation of Total Income as per the

provisions of Income Tax Act.Yes

20 Computation of MAT Liability if any under the provisions of Section 115JB of the Income Tax Act along with the details of MAT Credit eligibility under Section 115JA.

Yes

21 Details of Dividend payment and Dividend Distribution tax made by the company during the financial year.

Nil.

22 Details of Advance Tax and Self Assessment Tax payments made by the company for the financial year along with the copies of challans for such payment.

Yes.

23 Details of TDS Receivable from Customers along with the Copy of Certificates duly received from the customer. Copy of Form 26AS is also required for verification of the tax credit.

Yes.

24 Computation of interest under Section 234A, 234B and 234C of the Income Tax Act.

Nil.

25 Details of any advances given to parties covered under Section 2(22)(e)

Nil.

26 Details of any payment of more than Rs.20,000 made by cash towards any expense.

No cash payments more than Rs.20,000.

27 Details of payment of interest to financial institutions.

Yes.

28 Preliminary Expenses and its deferment if any under the provisions of Income Tax Act.

Yes.

29 Details of Carried Forward Loss under the Income Tax Act along with the breakup of

Yes

Depreciation Loss and Business Loss.30 Copy of Last Year Tax Audit Report along with

the Form 3CD, Annexure, Form 3CA, ITR 6. 31 Details of Tax Deduction at Source and

remittance made during the year towards disallowance of expense if any made during the previous years.

Nil

32 Details of change in shareholding if any during the financial year.

33 Change of accounting policy if any made during the financial year.

No change.

34 Quantitative Details of Major Raw Materials and Finished Goods manufactured by the company.

Not applicable.

35 Details of provision towards contingency if any made during the financial year.

Nil.

36 Details of any other exemptions if any availed by the company under the provisions of Income Tax Act.

Nil.