Itr acknowledgment and computation attestation mandatory

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While many banks request Chartered Accountant (CA) attestation for Income Tax Return (ITR) acknowledgment and computation copies for loan purposes, this is not a universal mandatory requirement. The Institute of Chartered Accountants of India (ICAI) has clarified that CAs are not authorised to certify ITRs as true copies. However, they can provide an opinion or report based on the authenticity of the data used, for which a UDIN is required.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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02 August 2020 Assess itr filed acknowledgment copy and computation of income both copys or computation of income filed copy attestation by ca compulsory for bank loan purpose.

c.bakshi

c.bakshi (Expert)
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03 August 2020 its practice of banks but it is not mandatory. if ITR is filed and verified then its self explanatory.

CA Raj Doshi

CA Raj Doshi (Expert)
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04 August 2020 In a Frequently Asked Questions (FAQs) issued by Institute of Chartered Accountants of India ( ICAI ) Unique Document Identification Number (UDIN) said that, Chartered Accountants ( CA ) are not authorised to certify Income Tax Return (ITR) as True copy. For the certification of ITR, Members are not authorized to certify ITR as a true copy. However, they can make an opinion/ certificate/ report about ITR based on its source, location and authenticity of data from which ITR is being prepared and UDIN is required while doing so. https://www.taxscan.in/cas-are-not-authorized-to-certify-itr-as-true-copy-icai-issues-faqs/40120/ Regards CA Raj Doshi R C D & Co. Chartered Accountants

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