Eligibility to prepare project report for bank loan

Khushal Singh Rawat (Querist) 24 November 2014 This query is : Resolved
Dear expert,
I want know that is a tax lawyer also eligible to prepare a project report for bank loan like as a CA.

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Guest (Expert) 24 November 2014
Project report can be prepared by anyone, even yourself, but figures, as part of the project report should be audited by a CA for the purpose of authenticity of the past & present accounts in support of the projections made in the report for future prospects.

ajay sethi (Expert) 24 November 2014
agree with Dhingraji

Guest (Expert) 24 November 2014
Sethi ji,

Thanks for agreeing with me.

Devajyoti Barman (Expert) 24 November 2014
Any man having financial background can prepare the project report. The people generally ask CA t o draft it as it requires special financial skill to prepare it and if you have it in you then you can also make it.

Khushal Singh Rawat (Querist) 24 November 2014
Sir, I agree with u but I also want to know that when a tax lawyers prepare a project report, then is he eligible or not to stamped and sign on project report like as a CA.

Guest (Expert) 24 November 2014
He can sign as a preparer, not as auditor, like CA.

Khushal Singh Rawat (Querist) 24 November 2014
Thanks Sir, My another query related this that a preparer can compile a project report or is it part of Auditor.

Rajendra K Goyal (Expert) 25 November 2014
Academic query.

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