CA Mohammed Khalandar (Practicing Chartered Accountant) (203 Points)
20 March 2019As per CA Regulations, a CA in practice cannot express his opinion on financial statements of any business or enterprise in which one or more persons who are his “relatives”
Can I certify the Balance Sheet and P&L of Brother-in-Law?
Its not an audit, but its a certification for bank loan purpose?
Thanks
ANIL A.KAMBLI
(ASST.ACCOUNTANT)
(24 Points)
Replied 20 March 2019
Respected Sir,
My client received Rental Income from Commercial Property during 2018-2019 is Rs.35.00 Lacs and paying GST and Registered under GST. From April,2019 the GST Limit increased from 20.00 to 40.00 Lacs.
In Year 2019-2020 Income is as under;
Rent from Commercial Property :- 35.00 Lacs + FDR Int.Recd.:- 10.00 Lcas = 45.00 Lcas
Now there is liability of GST on Rent from April,2019 onwards or not or he can cancel GST Number or not....please Guide
ANIL A.KAMBLI
(ASST.ACCOUNTANT)
(24 Points)
Replied 22 March 2019
Respected Sir,
My client received Rental Income from Commercial Property during 2018-2019 is Rs.35.00 Lacs and paying GST and Registered under GST.
From April,2019 the GST Limit increased from 20.00 to 40.00 Lacs. In Year 2019-2020 Income is as under;
Rent from Commercial Property :- 35.00 Lacs + FDR Int.Recd.:- 10.00 Lcas = 45.00 Lcas
Now there is liability of GST on Rent from April,2019 onwards or not or he can cancel GST Number or not....please Guide
CAclubindia
