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Ca professional ethics

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(Querist)
01 March 2016 Can a Full time partner in a c.a. firm show his income from advisory services in his individual capacity in his income tax return
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 March 2016 Yes. Income tax act has got no objection for such a transaction.
Professional Ethics is the domain of the CA and ICAI. So long as the firm in which the said CA is full time partner has no objection for such an advisory service income, it is well within the professional ethics of ICAI.

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