Amounts debited to P&L a/c (Internal Observation)

When a Voucher is marked by the user as Internal Observation, it will be listed under Internal Observation column of Amounts debited to P&L a/c  in the Tax Audit Dashboard. The user may mark a Voucher as Internal Observation, due to one of the following reasons:

Internal Observation column is divided into:

Treatment of Internal Observation is the same for both Amounts debited to P&L a/c - Clause 17(a-m) and Amounts Inadmissible u/s 40A(3). Hence, Internal Observation ledger vouchers for Amounts Inadmissible u/s 40A(3) is explained.

Internal Observation Pending

To view the report of the Internal Observation Ledger Vouchers for Amounts debited to P&L a/c,

Go to Gateway of Tally > Audit & Compliance > 44AB Audit

The various fields and button options in the above screen are similar to Ledger Vouchers report.

Internal Observation Clarified

To view the report of the Internal Observation - Clarified Ledger Vouchers for Amounts debited to P&L a/c,

Go to Gateway of Tally > Audit & Compliance > 44AB Audit

The various fields and button options in the above screen are similar to Ledger Vouchers report.

To Audit the Internal Observation Vouchers, refer to the Auditing the Vouchers through Group wise Report.