Under Clause 24(b), the particulars of each repayment of loan or deposit made exceeding limits specified in section 269T during the previous year have to be given. Section 269T prescribes where any repayment of deposit or loan (along with Interest, if any) payable to a person is Rs. 20,000 or more are required to be reported under this clause. However, the Auditor is required to verify all such amounts of repayment, where the repayment may be less than Rs. 20,000/-.
To view the report of the Loans & Deposits Repaid,
Go to Gateway of Tally > Audit & Compliance > 44AB Audit> Loans / Deposits Repaid
The Loans & Deposits Repaid screen displays all the Loans/Deposits that are repaid during the selected financial year. The second column shows the total Unaudited Vouchers under each ledger.
The details of each field are given below:
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 Repaid screen based on the Groups,
Click on F4: Groups or press F4 key
Select the required Group from the List of Groups
Press Enter to view the Loans & Deposits Repaid for the selected Group
By default the Audit Status for the Unaudited Vouchers is only displayed in the Loans & Deposits Repaid screen. To view the Status for both Audited and Unaudited Vouchers,
Click on F7:Show All or press F7 key
The Loans & Deposits Repaid screen with complete Audit Status appears 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 Repaid report. In order to include Ledgers belonging to other Groups which may be related to Loans / Deposits Repaid under Clause 24(b), follow the steps given below:
Click on F9: Masters or press Alt+F9 keys
Select All Items from the List of Groups
Press Enter
To consider a particular Group for Loans & Deposits Repaid, follow the steps given below:
Select the required Group by pressing Spacebar on the same
Note: To select more than one Group, press Spacebar on each Group separately.
Press Ctrl+A keys to consider the selected Group(s) for Loans & Deposits Repaid report
Press Enter to save the changes
The Loans & Deposits Repaid screen displays all the Ledgers as per the Groups selected by the user.
To change the default display screen for the Loans & Deposits Repaid screen
Click on F12: Configure button or press F12 key
Show Group Details: Set this option to Yes to view the parent group for the respective Ledger.
Eliminate all cross Purchase transactions: Set this option to Yes, to exclude entries against Purchase transactions.
Show Voucher Audit Details: Set this option to Yes to view the Audit status details of Audited and Unaudited vouchers.
Sorting Method: Select the required sorting method to sort the vouchers on the basis of Alphabetical (Increasing or Decreasing), Amount-wise (Increasing or Decreasing)
The Loans & Deposits Repaid screen displays all the Ledgers as per the Groups selected by the user. The user can drill down by selecting the respective Ledger to view the Ledger Vouchers.