01 May 2023
For ITR 4 the detailed financial statements are not required and hence may or may not be prepared by accountants; but for bank loan the same can be prepared and certified copies can be submitted to bank.
01 May 2023
Validation and its requirements vary to different concerns/objectives/rules etc. It may be acceptable by Bank, while may not be accepted by ITD/CBIC.
01 May 2023
It will be illegal when submitted to agencies, where rule specifies it to be signed by a CA/CS/CMA. Or illegal if violates the boundaries assigned to him as per his course/license. E.g. He cannot certify audit report. But agencies like bank have no such rule, so it will not be illegal to it. If the bank manager insists the documents to be signed by CA, then it will not be accepted.