business by HUF of a person who is a CA
This query is : Resolved
24 September 2008
can HUF of a person who is a chartered accountant by profession in practice do business other than profession of CA. Can he be a sleeeping partner or an working partner in for example a trading in steel, cement business etc in the representative capacity as Karta of HUF
24 September 2008
no ,he can't engage himself in any other business.
24 September 2008
He has to obtain permission from the Institute under Regulation 190A of the CA regulations.
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