Professional Certificates

Professional Certificates

TaxMyles facilitates obtaining various certificates from chartered accountants, having knowledge and understanding of the RERA and the real estate sector.

  • Builds Credibility: Confirms financial transparency and reliability.
  • Ensures Fund Usage: Prevents mismanagement and delays.
  • Mandatory for Registration: Essential for RERA project approval.
  • Investor Trust: Strengthens confidence through accurate financial reporting.

Overview of Professional Certificates under RERA

Professional certificates, such as those issued by Chartered Accountants (CA), Engineers, and Architects, are essential for ensuring compliance and transparency in real estate projects regulated by RERA. These certificates validate key aspects like financial management, construction progress, and structural integrity. They are required at various stages of the project to ensure that the development is on track, funds are utilized correctly, and statutory guidelines are being followed. By mandating such certifications, RERA aims to protect the interests of homebuyers and promote accountability within the real estate sector.

Core Components of a CA Certificate for Rera Compliance

  1. Financial Compliance Verification: Confirms the developer’s financial statements align with RERA guidelines, ensuring proper fund usage.
  2. Fund Utilization Statement: Ensures funds from buyers are used solely for project development as per RERA norms.
  3. Project Financial Status: Verifies the project’s financial health, including cash flow and dues.
  4. Audit of Accounts: Chartered Accountant audits accounts to confirm financial transactions are accurate and compliant with RERA.
  5. Verification of Sales and Payments: Ensures sales, payments, and advance receipts are accurately reported.
  6. Timely and Transparent Reporting: Guarantees regular and accurate financial updates to RERA and stakeholders.

How TaxMyles Helps You

TaxMyles assists developers and real estate professionals in obtaining the CA certificate for RERA by:

  • Providing expert CA services to ensure your financials are compliant with RERA requirements.
  • Assisting with documentation and audit reports needed for RERA registration and Updation.
  • Ensuring timely submission of the required documents and quarterly updates to RERA.

TaxMyles ensures quick and smooth RERA certification for seamless compliance.