If a medical radiology consultant sub lease his some services and make payments through bank transfer. What are the tax implications on him about his financial dealings as well as wrt payments given to other party giving services for sub leased service.
A Bhutan manufacturing company intends to import consumable goods from China. Is it permissible to buy in Indian Rupees ? What is the procedure to make payment in Indian Rupees.
Specifically, I have the following queries with reference to Chartered Accountants Act :
1. Is trading in shares considered "other business"? When is it not considered "other business"?
2. Will obtaining permission by a CA holding COP to engage in other business (like trading goods, wholesale, restaurant, trading derivatives, etc.) make the applicant ineligible to perform attest functions (audit, signing as CA, etc.)?
3. Can a CA not holding COP or holding part-time COP engage in other business (like trading goods, wholesale, restaurant, trading derivatives, etc.) without performing any attest functions?
4. Can a CA not holding COP or holding part-time COP engage in consultation, tax advisory services, filing services, etc. without performing any attest functions?
Can a chartered accountant lend money? If they do so by asking their spouse (who is not a qualified CA) to lend money to a firm for which he himself is an auditor and the spouse too is working for that firm performing the audit and routinely does consultancy for the firm to whom the money has been lent - is that a conflict of interest? Also, if both the CA and spouse (non CA) share a joint bank account and are also collecting the audit fees and the interest on the loan in the same bank account from the same firm - does that make the lender and the auditor one and the same person (there is apparently no firewall)?
Are there any violations that have been committed? What is the nature of the violations? What is the punishment under ICAI?
Full time practicing Chartered Accountant can be a member in a co operative Society?
Dear Experts,
If Auditor signs Financial Statements of a proprietorship without his ICAI Membership No. & Firm Registration No. , can as a third party, I should view these financial statements not audited or invalid.
Ar ICAI members required to mention their Membership No. & Firm Registration No. everywhere they sign in their capacity as a practising CA. Where is this statutory requirement mentioned?
I am a newly qualified CA.
Me and Other 2 Friends thinking over to start partnership firm all at different places/states.
Karnataka
Maharashtra
Goa
2 of us Recently Registered as Member of ICAI
1 of us is having a membership & proprietorship firm since 2016.
We will be having our own practice in our places, making Partnership just to Gain more work(Like Bank Audits, PSU Audits, Tenders etc)
Will making Partnership Firm give us Edge over Grabbing Work? Also What more we gain when we do Partnership over Proprietorship?
Dear sir ,
I'm partner in ca firm , i want resignation from it. What is the whole process of it . Reply
Respected sir,
I have got my membership number and my cop status is also active on new ssp portal but firm name is not allowed to me till now. can i sign any audit report or not with my name..?
Taxability on sub leased services