| Deferred Tax Assets and Liabilty reversal |
| * Reconcilation with IT profit and Book Profit |
| * for IT and Company Depreciation |
| * Section 43A adjustment |
| * Timing difference reversal in the subsequent year |
| * for Unabsorbed Dep |
| * for Carried forward Loss |
| * for deferred expenses |
| * disallownces under section 40(a)(ia), |
| * Section 43B Payments ie disallowed earlier year and now allowed in memo |
| * Opening restatment for the current year [wp_ad_camp_1] |
| Reconcilation of |
| * VAT With Return and reconcile with Turnover |
| *Excise With ER-1 and reconcile with Turnover |
| *CST -CST Return and reconcile with Turnove |
| *TCS -Reconcil with Scrap Sales Ledger and Apply TCS % |
| TDS/TCS Deduction and payment analysis |
| * Quarterly Return submitted by the compay for E-TDS |
| * Analysis of payment with ledger and challan |
| ** Reconcile the amount of TDS with Profit and loss account for finding out Tds short deduction and non deduction. |
| ** Non deduction and short deduction gross expenses to consider for disallowance under section 40(a) (i), 40(ia) etc |
| TAX AUDIT COVERAGE |
| Imporatant Aspects to be covered in IT Memo Prepartion |
| * Give Proper Link of PAT from PL for the IT and 115JB |
| * Allow the Exp – Already disallowed in the previous year Memo |
| ** confirm whether they have paid during the year |
| ** Prepare a list for 40A(3) Payments and give link to Memo |
| ** Give proper link to Loss on sale of assets (Add) and Profit on Sale of Assets (Less) in the memo |
| ** Give Proper link to 43A Adjustment for capital goods fluctuation |
| ** Proper Link to IT and Compay Act Depreciation for workings |
| ** Separte the Non Business income to other Heads-eg Dividend |
| ** Disllowable Exp List |
| Disallowable Expenses Analysis |
| * Donation |
| *TDS Interest – |
| *Fine and penalty |
| *Cash payment Exeeding Rs20000 |
| Sec 40A(2) Excess payment than Normal payments |
| *Pooja Exp |
| *Under section 40(a) (Non Deduction of TDS) |
| *Sec 40(ia)a and nature of TDS disallowances |
| proviso to section 36(1)(iii) |
| of section 43B- Bonus,gratutity , |
| Delay in payment of employee contribution in conection with PF, ESI |
| Other Details for 3CD |
| **List of Payment under section 40A(2)(b).(Related Party Payments) |
| **Payment of gratuity not allowable under section 40A(7) |
| **Priliminary Expens under Section 35D |
| 115JB Calculation |
| ** Calculation for unabsorbed dep and business loss |
| ** Make correct provision for 115JB |
| ** Consider the Credit of privious year then make provision |
| ** Book Entries for 115JB MAT Provision and Credit Adjustment |
| ** Make correct provision for 115JB after considering PY MAT cr u/s 115JJA |
| ** Preparation of Form 29B for MAT calculation ( if MAT applicable ) |
| OTHERS |
| ** prepare a sheet for Advance Tax and interest workings |
| ** TDS Receivable working as per uploadable foramt . |
| ** Assessment Status |
| ANNEXURE FOR 3CD |
| ** Excise duty |
| ** VAT Annexure |
| ** ESI and PF Annexure |
| ** TDS and TCS Annexure |
| ** IT Depreciation |
| ** Stock Qty Annexure |
| ** Set off and Carried forward Annexure |
| ** Calculation of Ratio |
| ** Annexure I Part A,B |
| ANNEXURE FOR 3CEB (For TP) |
| * Parent company address ( Associated Enterprises ) |
| * % of Share holding |
| * Details of RM imported and quantity wise break up |
| * Details of CG imported and quantity wise break up |
| * Details of Technical fee |
| * Details of Running Royalty exp to AE |
| * Reconcilation in Tally with Excell of the Associated Enterprises |
| * Method of Arm Length Price |
| * Calculation of operating profit for adopt suitable method of ALP |
| OTHER REQUIREMENTS |
| ** Cash flow Statements ( if Company turnover >50 crore ) and Level I Enterprises |
| ** Fund Flow Statement |
| ** Details of Contingent Liabilities |
| ** List of Assessment Pending with IT Department and other Departments |
| **List of cases which are under Litigation |
| **Report of Internal Auditors |
| Requirements Regarding E-filing of Income Tax Return and ROC Return |
| Signed Trial balance |
| Copy of PAN Card |
| Copy of TAN Card |
| Copy of Income Tax Challans |
| Copy of TDS Certificates |
| Copy Memorandum of Association |
| Copy of Incorporation Certificate |
| Auditors Appointment Letter |
| List of Directors along with complete address, designation, and date of joining for the previous year |
| List of share holders along with complete address and number of shares holds in %. |
| Digital Signature of Director of the Company |
| DIN of the Directors |
| List of transfer of shares as on the date |
| CIN number of the Company |
| Secretarial Requirements |
| Increase in Share Capital |
| Apppionment / Resignation of Director details |
| Co Audit Details |
| AGM/ EGM Details |
| Resoluation Copies |
| Charge Creation Details |
| Directors Remuneration details under sec 217(2A) |
| Document Evidence for |
| ** Authorised capital |
| ** Paid up Capital |
| ** Present directors/ verification and Management certificates |
| ** Change of directors |
| **Present share holders/ changes and verification with |
| members register and Management certificate. |
| UNDER COMPANIES ACT 1956 |
| PARTICULARS OF REGISTERS |
| Register of investments not held in company’s name |
| Register of Deposits |
| Creation/modification/satisfaction of charge & keeping a record of the charges |
| Register of charges |
| Register of members |
| Index of members where their number is more than 50 |
| Register and index of debenture holders |
| Foreign register (and a duplicate) of members and debenture holders, if any |
| Copies of all returns u/s 159 & 160 |
| Minute books containing minutes of the proceedings of general meetings, board meeting & committees of the board |
| Books of accounts |
| Register of contracts, with companies and firms, in which directors are interested giving details |
| Register of contracts with companies and firms in which directors are interested directly or indirectly |
| Register of directors, managing directors, managers and secretary |
| Register of directors shareholding |
| Register of appointment of directors or an associate as a selling agent outside India of goods produced by the company, and for supply of or rendering of service |
| Register of loans to companies ‘under the same management’ |
| Register of loans made, guarantees given or securities provided to companies and investments in shares and debentures of other companies |
| Information pursuant to Section 217(1)(e) |
| Power and fuel consumption |
| ELECTRICITY: |
| a) Purchased Power (KWH) |
| Total Amount (Rs. In lacs) |
| Rate/KWH (Rs) |
| b) Own Generation (KWH) |
| Diesel Generator |
| KWH Per Litre of Diesel Oil |
| Cost/KWH (Rs.) |
| FURNACE OIL: |
| Quantity (Litre) |
| Amount (Rs. In Lacs) |
| Rate (Rs/litre) |
| Consumption per unit of Production |
| Technology Absorption Expenditure (Rs. In lacs) |
| Foreign Exchange Earnings (Rs. In Lacs) |
| Foreign Exchange Outgo (Rs. In Lacs) |
| Preparation of General Business profie as per SCH VI |
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