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https://help.tallysolutions.com/docs/te9rel49/Tax_Audit/Debit_PL_A_c_Clause_17_am.htm

Amount Debited to P&L A/c [Clause 17 (a-m)]

As per Income Tax Act, 1961, expenditure of the following nature cannot be debited to the Profit & Loss A/c:

  • Clause 17(a) - expenditure of capital nature

  • Clause 17 (b) - expenditure of personal nature

  • Clause 17(c) - expenditure on advertisement in any souvenir, brochure, tract, pamphlet or the like, published by a political party

  • Clause 17(d) - expenditure incurred at clubs–

  • as entrance fees and subscription

  • as cost for club services and facilities use

  • Clause 17 (e) -

  • expenditure by way of penalty or fine for violation of any law for the time being in force

  • any other penalty or fine;

  • expenditure incurred for any purpose which is an offence or which is prohibited by law

  • Clause 17 (f) - amounts inadmissible under section 40(a)

  • Clause 17(g) - interest, salary, bonus, commission or remuneration inadmissible under section 40(b)/40(ba) and computation thereof

  • Clause 17(i) - provision for payment of gratuity not allowable under section 40A(7)

  • Clause 17(j) - any sum paid by the assessee as an employer not allowable under section 40A(9)

  • Clause 17(k) - particulars of any liability of a contingent nature

To view the report for the Amounts debited to P&L a/c Clause 17(a-m),

Go to Gateway of Tally > Audit & Compliance > 44AB Audit > Amounts debited to P&L a/c > Amounts debited to P&L a/c Clause 17(a-m)

Clause 17(a-m) Summary displays the list of expenses incurred with its amount, total number of vouchers, number of vouchers audited and unaudited.

 Configuration Options in Clause 17(a-m) Summary

To configure the default display for the Clause 17(a-m) Summary screen,

  • Click on F12: Configure or press F12 key

  • Show Group Details: This option should be set to Yes, to view the parent group for the respective ledgers in the Cash Payments screen.

  • Sorting Method: Select the required sorting method to sort the ledgers Amount-wise (Increasing or Decreasing) or Alphabet-wise (Increasing or Decreasing)

Button Options in Clause 17(a-m) Summary

F4: Group

By default, Tally.ERP 9 displays all the ledgers under Primary Group. If the user wants to view the Clause 17(a-m) Summary for a particular Group,

  • Click on F4: Groups or press F4

  • Select the required Group and press Enter

To view the Vouchers (Ledger Vouchers) under the each ledger, press Enter on the required Ledger name.

Ctrl+F9: Master Config

To view the ledger name, its group name, the primary group and the applicability of the clause for the specific ledger, press Ctrl+F9: Master Config. For more details, refer Master Configuration.

F: Form 3CD

Click on F: Form 3CD or press Alt+F to fill in Form 3CD for Clause 17. For more details, refer Form 3CD.

C: Clause Reference

For details, refer Clause Reference.

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