As per Clause 21, any sum referred to in clause (a), (b), (c), (d), (e) or (f) of section 43B,viz.,
Any tax, duty (sales tax, excise duty, municipal tax, etc), cess or fee payable
Employer’s contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees has to be reported
Any bonus or commission payable by the assessee to its employees
Interest on any loan or borrowing from the any public financial institution, a state corporation, or a state industrial investment corporation payable has to be reported
Interest on any term loan from a scheduled bank in accordance with the terms and conditions of the agreement governing such loan has to be reported.
and the liability for which pre-existed on the first day of the previous year but was not allowed in the assessment of any preceding previous year and to the extent was paid / not paid during the previous year or was incurred in the previous year and was paid on / not paid on or before the due date for furnishing the return of income of the previous year under section 139(1), is required to be reported in Form 3CD.
Using Tally.ERP 9’s Tax Audit features, the transactions can be checked by means of vouching of transactions related to payments related to Section 43B. The payments made in respect of Sales Tax, Service Tax or any duty and Employer Contribution are displayed separately under Payments under Section 43B (Clause 21) under Tax Audit Menu.
To extract the above information in Tally.ERP 9, the user can scrutinize the following reports under selected Tax Audit Menu:
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