Balance sheet certify

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 Dear sir,

My business turnover is 1400000 for Fy 2013-14. I dont want to get tax audit . but due to submission of balance sheet in bank for loan bank wants that documents Should be certify by a CA. Can any CA can certify It without audit.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 September 2014 its not a choice...tax audit is compulsory.....however, no doubt that some CA may agree to certify it..

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 In my case tax audit is not mandat.because my turnover is only 1400000. and 8% of its income is below the tax liability. Am i right ? Ca can cetify it without audit ?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 September 2014 i am sorry I read turnover as 1.4 cr!!

in such a scenario, a CA can certify the statements without the audit.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 September 2014 Tax audit is not required in your case. But the auditor has to scrutiny your records and other documents for certification of financial statements.