Tis and ais

449 views 1 replies
User Avatar

386 Points Joined July 2017
how to match tis and ais from income tax to tally data
0 Reply Share Follow
On 04 September 2024 at 16:16 Report
Replies (1)
User Avatar

Master in Accounts & high court Advocate
9489 Points Joined December 2011

Matching TIS (Tax Invoice Statement) and AIS (Accounting Information Statement) from income tax to Tally data can be a bit complex. Here's a step-by-step guide to help you match them: TIS (Tax Invoice Statement): 1. _Download TIS_: Get the TIS report from the income tax portal. 2. _Identify invoices_: Match the invoices in TIS with those in your Tally data. 3. _Verify details_: Ensure the invoice numbers, dates, and amounts match. AIS (Accounting Information Statement): 1. _Download AIS_: Get the AIS report from the income tax portal. 2. _Identify transactions_: Match the transactions in AIS with those in your Tally data. 3. _Verify details_: Ensure the transaction dates, amounts, and types (e.g., sales, purchases) match. To match TIS and AIS with Tally data: 1. _Use the Tally audit log_: Compare the audit log with TIS and AIS reports. 2. _Reconcile invoices and transactions_: Ensure all invoices and transactions are accounted for. 3. _Verify GST rates and amounts_: Confirm that GST rates and amounts match. If discrepancies arise: 1. _Investigate and resolve_: Identify and resolve any errors or discrepancies. 2. _Consult a tax professional_: If needed, consult a tax professional or chartered accountant for assistance. Remember to regularly reconcile your Tally data with TIS and AIS reports to ensure accuracy and compliance.

Reply
On 05 September 2024 at 14:18


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading