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

Practise 751 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

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details