Tuesday 17 March 2020

CERTIFICATION OF ITR BY CA

                                            Chartered Accountant (CA) Cannot Certify ITR 

As per Frequently Asked Questions (FAQs) issued by Institute of Chartered Accountants of India ( ICAI ) relating to Unique Document Identification Number (UDIN) said that

"For the certification of ITR, Members are not authorized to certify ITR as a true copy. However, they can make an opinion/ certificate/ report about ITR based on its source, location and authenticity of data from which ITR is being prepared and UDIN is required while doing so."

The attached format can be used for Certification of ITR

PRACTITIONER’S REPORT ON INCOME TAX RETURNS AND PROFIT & LOSS ACCOUNTS AND FINANCIAL STATEMENTS

1. This Report is issued in accordance with the terms of our engagement letter by __________________________.

2. The accompanying Income Tax Returns, Computation of Income and Profit and Loss Account and Financial Statements for financial years ended 31/03/2017 and 31/03/2018 and 31/03/2019 are prepared from trial balance produced before us for the respective years which are prepared from unaudited books of account.

MANAGEMENT’S RESPONSIBILITY:
3. The preparation of the Statement is the responsibility of the Management of business of __________________________ including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances.

PRACTITIONER’S RESPONSIBILITY:
4. Our responsibility is to provide a reasonable assurance whether: The Income Tax Return copy attached is same as filed on the website of Income tax Department and the Profit and Loss Account and Balance Sheet are prepared as per the closing balances appearing in the trial balance produced before us for the respective financial years.

OPINION:
5. Based on our examination, as above, we are of the opinion that:
a. ITR-V copy attached is same as filed on the website of Income tax Department
b. Profit and Loss Account and Balance Sheet are prepared as per the closing balances appearing in the trial balance produced before us for the respective financial years.

RESTRICTION ON USE:
6. The certificate is addressed to and provided to __________________________ solely for the purpose to enable comply with requirement of Loan Document and to submit the accompanying Statement to ___________ Bank Limited, and should not be used by any other person or for any other purpose. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing.

ATTACHED:
ITR-V, Profit and Loss Account and Balance Sheet for financial years ended 31/03/2017 and 31/03/2018 and 31/03/2019 UDIN: ____________________________ Date: __________ Place: _________

For, __________________________.
Chartered Accountants

Partner CA ___________________
M. No. _____________
FRN _____________

Note on ITR V and P&L, BS after every stamp and Sign of CA and Date
“As per our Practitioner’s Report attached of even date under UDIN: ______________”

to download the Format in word click here