As per Section 269SS, any loan or deposit is taken or accepted by any person, otherwise than by an account payee cheque or account payee bank draft, if the amount of such loan or deposit or the aggregate amount of such loan and deposit or any loan or deposit taken accepted earlier by such person from the depositor is remaining unpaid is twenty thousand rupees or more, is required to reported in Clause 24(a).
Further, if the total of all loans / deposits in a year exceed Rs. 20,000/- but each individual transaction is less than Rs. 20,000/-, even such cases, the information is required to be given in respect of all such related entries from the beginning till the balance hits Rs. 20,000/- or more and until the balance reduces down from Rs. 20,000/-. However, any loan or deposit taken or accepted from or by Government, a banking company, any corporation etc., are not required to be reported under the said section.
To view the report of the Loans & Deposits Accepted,
Go to Gateway of Tally > Audit & Compliance > 44AB Audit > Loans / Deposits Accepted
The Loans & Deposits Accepted screen displays all the Loans/Deposits that are accepted during the selected financial year. It also displays the Total Loan Amount outstanding and the total Unaudited Vouchers under each ledger. The description for each field is as shown:
Particulars: Displays the name of the Ledgers
Total Amount: Displays the Total Loan Amount against each Ledger
Unaudited Vouchers: Displays the total Unaudited Vouchers belonging to each ledger
To filter the Loans & Deposits Accepted screen based on the Groups,
Click on F4: Groups or press F4
Select the required Group from the List of Groups
Press Enter to view the Loans & Deposits Accepted for the selected Group
By default the Audit Status for the Unaudited Vouchers is only displayed in the Loans & Deposits Accepted screen. To view the Status for both Audited and Unaudited Vouchers,
Click on F7: Show All Vch or press F7
The Loans & Deposits Accepted screen appears with detailed Audit Status as shown:
Audited: Displays the number of Vouchers that are Audited for each Ledger
Unaudited: Displays the number of Vouchers that are Unaudited for each Ledger
Total: Displays the total number of Vouchers for each ledger
Tally.ERP 9 provides flexibility to the user to consider a particular Group for Loans & Deposits. By default the Ledgers created under Loans (Liability) will be available under Loans & Deposits Accepted report. In order to include Ledgers belonging to other Groups which may be related to Loans & Deposits Accepted under Clause 24(a), follow the steps given below:
Click on Ctrl+F9: Masters or press Ctrl+F9
Select All Items from the List of Groups
Press Enter
To consider a particular Group for Loans & Deposits Accepted, follow the steps given below:
Select the required Group by pressing Spacebar on the same
Note: To select more than one Groups, press Space bar on each Group separately.
Press Ctrl+A keys to consider the selected Group(s) for Loans & Deposits Accepted report
Press Enter to save the changes
The Loans & Deposits Accepted screen displays all the Ledgers as per the Groups selected.
To change the default display screen for the Loans & Deposits Accepted screen,
Click on F12: Configure button or F12 key
Show Group Details: Set Show Group Details to Yes to view the parent group for the respective.
Eliminate all cross Sales transactions: Set Eliminate all cross Sales transactions to Yes, to exclude entries against sales transactions.
Show Voucher Audit Details: Set Show Voucher Audit Details to Yes to view the Audit status details of Audited and Unaudited vouchers.
Sorting Method: Set the required sorting method to sort the vouchers on the basis of Alphabetical (Increasing or Decreasing), Amount-wise (Increasing or Decreasing).
The user can drill down by selecting the respective Ledger to view the Ledger Vouchers.
'Loans & Deposits Accepted - Clause 24(a)' has been shared with
