Signing of balance sheet and profit/loss statement for income tax purpose
CA Jimmit D Mehta (Employed) (494 Points)
23 September 2012
CA Jimmit D Mehta (Employed) (494 Points)
23 September 2012
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 23 September 2012
A individual in full time employement elsewhere carrying on propreitory profession can very well practise adn sign financial statements. However he needs to have COP & should have to take permission from the institute.
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 23 September 2012
Dear Jimmit,
YOU CANNOT SIGN AS YOU DON'T HOLD COP.
TAX AUDIT REPORT CAN ONLY BE SIGN BY PRACTICING CA.
WISH YOU ALL THE BEST.
Regards,
RAJESH CHOUDHARY
CA.Vinita Gupta
(Deputy Manager- Finance)
(2918 Points)
Replied 23 September 2012
A person in full time employment cannot have a COP and therefore cannot sign audited balance sheets
CAclubindia
