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CA auditor sign for homeloan

17 May 2022

my client rendering spiritual services and filed income tax last year n had approached for a home loan by submitting the returns to the banker.

All procedures r almost cleard but for auditor seal and sign.

The banker is demanding for auditor seal and sign, though RBI clarifies that the CA certification is not necessary for individuals,

pls let me know if the CA certification is required for availing home loan by individuals.tnx

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9 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 17 May 2022

Not required, they can verify from income tax website.

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Rama Vani (93 Points)
Replied 18 May 2022

THNX FOR THE REPLY. BUT, the bankler keep on insisting for the CA attestation in the working sheets.

CA Raj Doshi (Practising CA) (8924 Points)
Replied 19 May 2022

Give a one pager report that the below particulars and amounts are in consonance with that which is reported in ITR of Mr. XYZ Prop. ABC rendering spiritual services vi jyotish, Karmakand, astrology and related advisory chm Consultancy having its registered office at........
The same have not been verified by us as to the accuracy and appropriateness of the same.

and then given sales, purchase,gp,gp%, npbt, npbt % etc.

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Rama Vani (93 Points)
Replied 19 May 2022

SIR, IA, UNABLE TO catch up ur reply like for a spiritual service there is no profit and loss as such and i could not reach out to the meaning what u convey thro 1st para of ur reply.