Can i certify the balance sheet and p&l of brother-in-law?

809 views 2 replies

As per CA Regulations, a CA in practice cannot express his opinion on financial statements of any business or enterprise in which one or more persons who are his “relatives” 

Can I certify the Balance Sheet and P&L of Brother-in-Law?

Its not an audit, but its a certification for bank loan purpose?

Thanks

Replies (2)

Respected Sir,

My client received Rental Income from Commercial Property during 2018-2019 is Rs.35.00 Lacs and paying GST and Registered under GST. From April,2019 the GST Limit increased from 20.00 to 40.00 Lacs.

In Year 2019-2020 Income is as under;

Rent from Commercial Property :- 35.00 Lacs + FDR Int.Recd.:- 10.00 Lcas = 45.00 Lcas

Now there is liability of GST on Rent from April,2019 onwards or not or he can cancel GST Number or not....please Guide 

 

 

Respected Sir,

My client received Rental Income from Commercial Property during 2018-2019 is Rs.35.00 Lacs and paying GST and Registered under GST.

From April,2019 the GST Limit increased from 20.00 to 40.00 Lacs. In Year 2019-2020 Income is as under;

Rent from Commercial Property :- 35.00 Lacs + FDR Int.Recd.:- 10.00 Lcas = 45.00 Lcas

Now there is liability of GST on Rent from April,2019 onwards or not or he can cancel GST Number or not....please Guide

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details