I heard about that abusiness man approached the banker for a loan. The banker asked to get IT UTIB number for granting of loan. The business man's financial statements are not getting audited u/s 44 AB. But they are asked to provide 3CB or 3CD along with auditor's signature for the previous year IT filing. The accountant explained them that it is not possible to get auditor's signature after 6 months of return filing. After hearing it, the bankers
asked auditor's signature again.
Is the bank not updated the IT & ICAI rules and regulations? or they are asked it because of banking rules? I think that they are not updated....
Please clarify it.
4 Replies
sabyasachi mukherjee
(27574 Points)
Replied 05 August 2023
Bank is governed by banking regulation ACT and the Supreme authority is RBI
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 05 August 2023
RBI ser up rules for banks
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 August 2023
@ Sonra Rajeswari.,
Yes, If You want loan from bank then they need IT returns.
If bankers asking 3CB and CD then Your Financial Statement falling in the category.
So, better to submit the required documents and avail the loan...
Yes, If You want loan from bank then they need IT returns.
If bankers asking 3CB and CD then Your Financial Statement falling in the category.
So, better to submit the required documents and avail the loan...
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