CA auditor sign for homeloan

336 views 9 replies

my client rendering spiritual services and filed income tax last year n had  approached for a home loan  by submitting the returns to the banker.

All procedures r almost cleard but for auditor seal and sign.

The banker is demanding for auditor seal and sign, though RBI clarifies that the CA certification is not necessary for  individuals, 

pls let me know if the CA certification is required for availing home loan by individuals.tnx

Replies (9)
Not required, they can verify from income tax website.

THNX FOR THE REPLY. BUT,   the bankler keep on insisting for the CA attestation in the working sheets.

 

Give a one pager report that the below particulars and amounts are in consonance with that which is reported in ITR of Mr. XYZ Prop. ABC rendering spiritual services vi jyotish, Karmakand, astrology and related advisory chm Consultancy having its registered office at........
The same have not been verified by us as to the accuracy and appropriateness of the same.

and then given sales, purchase,gp,gp%, npbt, npbt % etc.



Please convey a like to this answer if it was helpful

SIR, IA, UNABLE TO catch up ur reply like for a spiritual service there is no profit and loss as such and i could not reach out to the meaning what u convey thro 1st para of ur reply. 

In short, Issue a CA certificate of income particulars reported in ITR with some disclaimers. 

No CA certificate is not mandatory. 

However, the banks are these days asking for a CA certificate to certify the income mentioned in the ITRV. 

 

Banks now days compulsorily ask for ca certificate, so you can ask some CA for such certificate.

if that so , i will approach a CA. but the banker asks auditor seal and sign on athe ITRV. 

To my knowledge, i think , since itrv is generated from govt portal, no seal and sign is requried. pls clarify

No seal & sign required on ITR V, only certifcate made in this respect.

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