banner_ad

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

Practise 777 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
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details