Cash Transaction Prohibition & 3CD Clause 31 Checker

Sec 269SS / 269T / 269STSec 40A(3) Disallowance

Audit cash loans, repayments, high-value receipts and ₹10k expense limits for Form 3CD Clauses 21(d) and 31.

Log Cash Transaction for Audit

Counterparty Name

PAN of Party

Transaction Date

Nature of Transaction

Amount Paid / Received in Cash (₹)

Connected with Turia

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Pushes Clause 21(d) and Clause 31 findings directly into client Tax Audit reports in Turia.

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Statutory & Compliance Disclaimer

This tool is an automated calculation, formatting, and compliance aid provided for informational purposes only. It does not constitute formal legal, taxation, or professional auditing advice. Calculations, citations, and draft documents must be independently verified by a qualified Chartered Accountant (CA) or Company Secretary (CS) against statutory provisions and applicable ICAI/ICSI guidelines before execution or certification.

Statutory Violations Flagged

4 / 5 Transactions

Requires reporting in Form 3CD

Potential Penalties / Disallowances

₹4,98,500

100% penalty u/s 271D, 271E, 271DA

Form 3CD Clause 31 & Clause 21(d) Audit Working Paper

Particulars of Loans / Deposits / Cash Receipts & Payments in contravention of Sections 269SS, 269T, 269ST & 40A(3)

Party Name & PAN	Nature	Amount (₹)	Statutory Audit Finding
Rameshwar Lal (Director) ABCDE1234F	LOAN ACCEPT 14-06-2024	₹85,000	Sec 269SS Contravention Cash loan/deposit acceptance ≥ ₹20,000. Form 3CD Clause 31(a).
Sharma Traders BCDFG2345G	EXPENSE PAYMENT 22-07-2024	₹18,500	Sec 40A(3) Contravention Cash expenditure exceeds ₹10,000. 100% disallowed from business profits. Form 3CD Clause 21(d).
Grewal Roadlines (Transporter) CDESH3456H	EXPENSE PAYMENT 10-08-2024	₹28,000	✓ Compliant
Vikas Properties DEFGH4567J	CASH RECEIPT 15-10-2024	₹3,50,000	Sec 269ST Contravention Cash receipt ≥ ₹2,00,000 in a day / single transaction. Form 3CD Clause 31(bc).
Suresh Kumar (Friend Loan) EFGHI5678K	LOAN REPAY 12-01-2025	₹45,000	Sec 269T Contravention Cash loan/deposit repayment ≥ ₹20,000. Form 3CD Clause 31(ba).

* Prepared for compliance with Section 44AB of the Income-tax Act, 1961. Verified against CBDT Circulars and Judicial precedents regarding electronic clearance mechanisms and bona fide business exigencies.