Certification work

“Certificate” is an official document which attests a fact. Certificate can be needed to attest any basic fact such as Date of Birth, Marriage, Death etc. or it can be required to attest any critical facts like Medical status of a person, Financial figures, Achievement in any course or training etc.

Every section of the society including individuals, partnerships, corporate entities, or business entities has an indispensable need of certification from Chartered Accountants under various statutes, rules, regulations, procedure in India and abroad.

This is considered to be one of the most comprehensive and essential services rendered.

Certification work

Know More about Certification work

Certification and Attestation can be carried out under various categories and there is no exhaustive list for that. However, following are few common areas where certificate from Chartered Accountant is mandatory :

  • Certification under the Income Tax Act 1961
  • Certificate under GST Law
  • Certificate under Company Law
  • Certification for LIC, passport, credit card, etc
  • Documents for banking related requirement
  • Net worth Certification
  • Attestation and certification under various other laws

Apart from statutes, certificates from Chartered Accountants can be required by various other persons to authenticate correctness of facts such as Turnover certificate required in government tenders.

Following certificates are popularly issued:

1. Certificates which are issued on the basis of financial statements and books of accounts namely:

    • Capital contribution certificate
    • Gross turnover certificate
    • Sundry debtors certificate
    • Closing stock certificate
    • Statutory liabilities certificate

2. Certificates which forms the basis of statutory records mandatory to be maintained under several laws such as the Companies Act 2013

3. Certificates under the ambit of merger and demerger

    • Fair value certificate for shares
    • Buy-back of shares
    • Allotment of shares
    • Transfer of shares from resident to non-resident and vice versa

4. Form 15 CB is the certification issued under Income Tax Act, 1961 to determine liability of payer to deduct on TDS on payment made to non-residents. 

5. Net worth Certificate. The major purpose of issuing this certificate being:

    • For Bank Finances
    • For Bank Guarantees
    • Issuance for Visa
    • Student Study Loan
    • Some governmental tenders

6. Section 92 of the Income Tax Act 1961, requires a certification to determine arm’s length price of underlying transaction

7. Fund utilization or Grant utilization certificates are also required by the following clients:

    • Non Governmental organizations
    • Statutory bodies
    • Autonomous bodies
    • Charitable organizations

8. Deductions claimed under section 80IA, 80IB, 10A or 10B of the Income tax Act 1961 also requires certification to ensure that the concerned person complies with other requirements of statute

    • Claim for refund under GST Act or other Indirect tax laws can be done only after it is certified by a chartered accountant.
    • Exchange Control Legislation requires a certification for imports, ECB, EOU, DGFT, remittances, etc.
    • Companies planning for initial public issue needs several certificates.
    • Privilege and limitation certificates described under different laws and regulations.
    • Transfer Pricing certificate.
    • Certificate for different exemptions under federal tax regulations.

The above list is not all conclusive and exhaustive. VJM & associates LLP has been undertaking certification work with an aim to fulfill the several needs of the client efficiently.  We understand thoroughly that the certificate issued by us forms a basis to you for various laws and regulation compliance, enjoying claims, deductions and benefits, and various transactions of day to day business activities.

Thus we see to it that the certificate issued by us is true and fair to the best of our knowledge and forms the best advice and gives a conversant representation in front of various authorities.

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Client Centric Approach

Client is the key driver of our service offerings. Our approach to service offerings is based on a client centric and customized approach. Our specialized teams are a mix of technical and industry experience in order to serve clientele for their specific needs.

Quick Turnaround

We always endeavour for a quick turnaround time to serve our clientele. We are supported by an experienced and client focussed support teams to offer timely services to our clientele. In case of any business exigencies and time sensitive service requirements, you can always count on us.

Team Work

We have built high performing teams supported by strong work ethic. Our team is a mix of experts, professionals and support staff from technical and varied academic, cultural, social and ethnic backgrounds. We believe that this diversification plays a vital role in motivating the team into High Performing Teams.

Open Communications

We believe that open communication is the core principle in order to demonstrate trust, build long lasting and valuable relationships with clientele. We are committed to ensuring transparency in communication, service offerings and delivery.

Driving quality in delivery

Our service offerings are driven by quality and reviews at every level. We strive to provide a qualitative and value-added delivery to our clientele. At all times, we endeavour to provide exceptional client service by meeting client expectations and driving client satisfaction.

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