COP and Employment with CA Firm

Dear Experts,

I am a recently qualified Chartered Accountant from the May 2025 examination. I re-joined my articleship firm as an employee in December 2025. I obtained my Certificate of Practice (COP) in February 2026. However, my employment details have not yet been updated by the auditor in the SSP portal of ICAI.

I seek clarification on the following:

1. Does “part-time COP” mean holding a COP while being employed in a corporate organization (non-CA firm) only?
2. After my employment details are updated in the SSP portal as an employee of a CA firm, will I still be considered as holding a full-time COP?
3. Can I sign reports or undertake assignments for my personal clients while continuing employment with the audit firm, irrespective of whether it is considered full-time or part-time COP?
4. Is written consent from employer firm mandatory before signing independent reports?
5. Are there any restrictions under the ICAI Code of Ethics regarding dual practice and employment under another CA?
6. Is prior permission or intimation to ICAI required before accepting personal assignments while being employed in a CA firm?
7. Is there any requirement to register a proprietary firm separately in SSP portal for intimation to ICAI before signing personal assignments?
8. if ICAI not allowed to practice my own while doing employment in CA firm, Can be sleeping partner with another CA alongwith employment in CA firm?
9. Are there any specific ICAI regulations governing the rights and restrictions of a COP holder employed in a CA firm, particularly regarding signing authority and independent practice?

Before deciding whether to continue employment with the CA firm while holding COP or to start independent practice, I would like to understand the legal and ethical position clearly.

I request the experts to kindly guide me.

Thanking you in advance.

Tds short payment certificate no mismatch or not entered in form 26q while filing

Dear Sir,
I filed TDS return for the period Q3. But in that mismatch or not entered the short deduction certificate number. Now how to rectify that.
Can anyone help me out.

In Reply To :

Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26

Since the December 31 deadline for revising your A.Y. 2025-26 return has passed, your best immediate step is to file a Rectification Request (Reprocess Return) on the e-filing portal. This asks the department to look at your paid tax credits (Advance Tax) and adjust your refund automatically. If this is rejected, you will need to file a Condonation of Delay request to be allowed to file a corrected return.

In Reply To :

GIFT OF LAND BY TRUST

If the Society is Registered (u/s 12AB or 10(23C)): The gift of land will be tax-exempt in the hands of the Society. It will be treated as a "voluntary contribution" or "corpus donation" and should be used for the school's objectives.

If the Society is NOT Registered: The Society will be liable to pay tax on the entire Stamp Duty Value of the land at the applicable tax rates, as it would be treated as "Income from Other Sources."

GIFT OF LAND BY TRUST

A private Trust intends to Gift some land to a society for running a school.
My questions are:-

(1) whether this transaction is treated as Capital Gain in the hands of Trust u/s 50C ?
(2) And what about Society ? Will they have to pay tax ? As they will receive Immovable property without any consideration [Section 56(2) ]

Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26

Dear Sir,

I have filed Income Tax Return of the firm for A.Y. 2025-26, while filing the Return of Income I have not consider Advance Tax paid by the firm and Income Tax Return is processed also. Now, what I can do for taking Advance Tax for claiming refund.

Please do the needful & oblige.
Vishal Bhalerao

In Reply To :

GST procedure on conversion of Partnership Firm to Pvt Ltd

Thank you. Your advice is much appreciated

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