Please assist for bank concurrent audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2012
I am a semi experienced Article, and i am performing bank concurrent audit for my firm, i want to know that, HOW can i verify Form 16 Provided by Borrower's to bank for Finance, contains genuine Figures.
14 January 2012
If a salaried employee has taken a loan from bank, as his income proof Form 16 can be obtained instead of income tax return. If borrower is salaried employee and IT returns are not submitted by him, you should ask for Form 16 to determine his capacity to repay the loan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Booth for sales promotion
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- Average Cost Of High Quality Diamonds
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
