08 January 2024
As a CA, I know that CA can't Certify Income Tax Return i.e. ITR. But Some Clients are constantly insisting me to give CA Stamp on their Non Audited Balance sheet. Ofcourse Auditing Provisions are not applicable to them as they are Individual having PGBP and Other Sources Income having Total Income upto 10 to 15 Lacs. I told them I can't give such CA Stamp as it's not Audited. But, they say other CAs giving such Stamp, Why not you ? Well, Before saying them to, "Go to then those CA". I want to ensure myself that Can I give such CA Stamp on Non-Audited Balancesheet ? Will I need to Generate UDIN for that ?
08 January 2024
That will be compilation engagement as per SRS 4410. Yes, you need UDIN for that. [Refer Q. 101 in https://udin.icai.org/pdf/FAQs%20on%20UDIN%20(3rd%20Edition).pdf]