Form 3CD Clause 31
Form 3CD Clause 31 (Sec 269SS/ST/T) Audit Utility
Scrutinize loan, deposit, and specified advance acceptances and repayments under Sections 269SS, 269ST, and 269T completely offline.
Output View: Form 3CD Clause 31Offline Desktop Result
Clause 31 Loan & Deposit Verification Schedule
THE AUDIT BOTTLENECK
Traditional Manual Process & Exposure
Checking loan ledgers manually for cash acceptances or repayments exceeding ₹20,000 under Section 269SS / 269T requires inspecting every journal and cash voucher.
Manual Excel Friction Steps:
- ✕Filtering unsecured loan and director deposit accounts manually
- ✕Checking mode of payment (Cheque, RTGS, Account Payee vs Cash)
- ✕Compiling Clause 31(a), (b), (c), (d) schedules manually
HOW CACONTROL AUTOMATES IT
Rule-Based Desktop Precision
CAControl scans loan and deposit accounts, identifying party-wise transactions, payment modes, and threshold breaches (>₹20,000 cash) automatically.
Key Benefits & Safeguards:
- Pre-populates Clause 31(a), 31(b), 31(ba), 31(bb) schedules
- Flags Section 269SS & 269T cash transaction violations
- Generates traceable audit workpapers for tax audit files
Topic FAQs: Form 3CD Clause 31 (Sec 269SS/ST/T) Audit Utility
Clear statutory guidance and technical implementation details.
Yes. It verifies voucher narrations and banking instrument types to flag non-account payee transactions.