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  • Check List For IT Returns

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    This document provides a checklist of 15 items to verify before filing an income tax return, including verifying books of accounts, bank balances, debit and credit entries, turnover amounts, debtor and creditor balances, unsecured loans, group return balances, reconciling GST returns and financial statements, comparing GST input credits, valuing closing stock, verifying cash balances, ensuring all income from last year is considered in this year's filing, reconciling Form 26AS with the total income computation, selecting the proper return form, and reviewing AIS and TIS.

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    This is a Checklist for Income Tax Return.

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    Check List for IT Returns

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    This document provides a checklist of 15 items to verify before filing an income tax return, including verifying books of accounts, bank balances, debit and credit entries, turnover amounts, debtor and creditor balances, unsecured loans, group return balances, reconciling GST returns and financial statements, comparing GST input credits, valuing closing stock, verifying cash balances, ensuring all income from last year is considered in this year's filing, reconciling Form 26AS with the total income computation, selecting the proper return form, and reviewing AIS and TIS.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    Check List For IT Returns

    Uploaded by

    sherkhan52582
    This document provides a checklist of 15 items to verify before filing an income tax return, including verifying books of accounts, bank balances, debit and credit entries, turnover amounts, debtor and creditor balances, unsecured loans, group return balances, reconciling GST returns and financial statements, comparing GST input credits, valuing closing stock, verifying cash balances, ensuring all income from last year is considered in this year's filing, reconciling Form 26AS with the total income computation, selecting the proper return form, and reviewing AIS and TIS.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Check list to be verifed before filing of Income Tax Returns

    1 Verify books of account required to be maintained u/s 44AA

    2 Bank balances at year end to be verifed from Bank statements

    3 Verify Debit and credit entries in bank statements are properly recorded

    4 Cross verify turnover in bank account with turnover in Form 26AS

    5 Verify Debitors and Creditors balance with A/c Extract or Confirm


    form Party about its correctness

    6 Unsecured Loan Confirmation or Confirm from party

    7 In case of Group returns cross verify balances in each unit.

    8 Reconcilation of GST Return with Fiancial Statements and

    9 Compare GST input credit with 2A and 2B and GST Working


    for finalisation of GST Annual Return

    10 Valuation of Closing Stock Negative stock if any

    11 Verification of Cash Balance Negative if any

    12 Verify last year Computation of Total income that all income of last
    year considered this year.

    13 Verify form 26AS with computation of total income that all


    income included as per 26AS in Computation

    14 Select Proper Return Forms

    15 AIS and TIS

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