Part A, business and books

Clauses 1 to 14 — who the assessee is, whether the audit applies, and how the books are kept. Wizard steps 1 and 2.

Assessee Details (Clauses 1–7)

The basic particulars: name, address, PAN, registration numbers, the status, and the previous year and assessment year.

From Tally, or the client recordPre-filled

Name, address, PAN, GSTN, PIN code and state come from the Tally company on a fetched report, and from the client record otherwise. What you type here is what the forms print, on a fetched report too: an edit is kept across saves.

PIN code and statePrinted

Added after the address on the forms, unless the address already carries them.

StatusDerived, override if needed

From the client's constitution where one is recorded, otherwise from the fourth character of the PAN. One list serves both: a client set up as "Pvt Ltd" shows as Company here. Correct it where the derivation does not fit.

Assessment yearComputed

The financial year end plus one.

Audit Applicability & Tax Regime (Clauses 8, 8A)

The clause of section 44AB under which the audit is being conducted, and whether the assessee has opted for a concessional regime.

Applicability is suggested from the turnover thresholds. The determination remains yours — thresholds interact with presumptive provisions and with the proportion of receipts in cash.

The AI's reading of the thresholds is shown in the Review step; the form prints whatever is chosen in the Applicable clause of S.44AB select, which opens on 44AB(a). Where a field has a default like this, the wizard shows it, so the form and the document agree. A default left as it is counts as nothing entered: it does not override an AI clause and writes no note of its own.

Partners / Members (Clause 9)

Partners or members and their profit-sharing ratios, and any change during the year.

Nature of Business & Books (Clauses 10, 11)

Clause 11 is three lists, and each prints under its own sub-clause. On a fetched report all three open with the books Tally's voucher types imply; edit them as the engagement requires.

Nature of business or professionFrom the client's line of activity

Any change during the year is reportable.

Books prescribedClause 11(a)

The books section 44AA prescribes for the assessee.

Books maintainedClause 11(b)

Cash book, ledger, journal and the rest, with the address, city, PIN code and country at which they are kept.

Books examinedClause 11(c)

What you actually examined, which is not necessarily everything maintained. An empty list prints "No records added"; nothing is borrowed from 11(a).

NotesNot printed

The narrative field holds the AI's summary of the books, or your own notes. The forms print the three lists, never the notes.

Presumptive Taxation (Clause 12)

Whether profit is assessable on a presumptive basis — sections 44AD, 44AE, 44ADA and the rest — and the amount.

Method of Accounting (Clauses 13, 14)

Method employedClause 13

Cash or mercantile, and any change from the preceding year. The form prints "Mercantile system" or "Cash system".

Deviation from ICDSClause 13

With its effect on profit.

Method of stock valuationClause 14

And the effect of any deviation.