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
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
