14 February 2010
hiiii my frnd done enquiry in bank @ requirement for openning a cc limit a/c. bank manager told him tht they require balance sheeet of his shop.my frnd not come in sec. 44AB of income tax act. so can anyone tell me tht which b/s he need to produce to bank,audited(CA SIGHNED) OR self prepared(without CA SIGHNED)....plzzzzzzz
For CC limit bank required balance sheet, but no necessary signed by CA. But if sign by CA have added advantage of trust. You prepare balance sheet in line with your friend income tax return.
CAclubindia
