Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

Tis and ais

04 September 2024

how to match tis and ais from income tax to tally data

Reply
Follow
Share

1 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7726 Points)
Replied 05 September 2024

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.

Upgrade to CAclubindia Pro. Subscribe Now!

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Guide to UAE Corporate Tax Return filing (3rd Live Batch)

CA Mohd Asim

Enroll Now

14 June 2025
Live Course on DTAA - International Taxation (Batch 2)

CA Sachin Sinha

Enroll Now

25 May 2025
GST LIVE Certification Course - 42nd Batch(With Govt Certificate)

Industry Expert

Enroll Now

17 May 2025

Tis and ais

1 Replies

Online classes for CA CS CMA. Professional courses for GST, Tally, Others & Books

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Trending Online Classes

Subscribe to the latest topics :

Search Forum: