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Balance sheet

(Querist) 09 September 2014 This query is : Resolved 
Dear Sir,
In cases where assessee has opted section 44AD and when they submit copy of their balance sheet at bank, then bank manager ask them to submit balance sheet signed by a CA.

Whether their demand is genuine if they ask for balance sheet signed by CA even in non-audit cases?

Regards.
Report Abuse
Anirudh (Expert) 09 September 2014
Dear Nitin,
I think with LL.M., you should do the research yourself and find the answer.
Rajendra K Goyal (Expert) 09 September 2014
Bank is justified in asking the audited B/s for processing.

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