CA As Partner & Individual
This query is : Resolved
Dimpal Kumar
(Querist)
02 January 2010
I want to know in what capacities a practising CA can work.
Whether a practising CA can join partnership in an existing firm and can run his individual practise as well. If so what will be the status in both the cases.
What can be other permutations & Combinations. Please advise
Whether a practising CA can join partnership in an existing firm and can run his individual practise as well. If so what will be the status in both the cases.
What can be other permutations & Combinations. Please advise
Pawan Periwal
(Expert)
02 January 2010
You can practice in your own name along with the partnership. However the deed must allow the same. Also the limit requirement of the companies act and income tax act on maximum no must be adhered to.
CA Tilak Raj Sharma
(Expert)
02 January 2010
1. As a Proprietorship. (Full time)
2. As a partner in partnership. (Full time)
3. As a prop in your own firm and partner in the partnership. You will part-time in both firm.
2. As a partner in partnership. (Full time)
3. As a prop in your own firm and partner in the partnership. You will part-time in both firm.
CA Ravi Sisodia
(Expert)
02 January 2010
i think you can practice in firm name only, not your own name.
CA Tilak Raj Sharma
(Expert)
04 January 2010
No, You don't need a firm name to practice as a individual. Individual can practice at their own name.
CA Ravi Sisodia
(Expert)
04 January 2010
if you regestire or not as individual then you can practice your own name , but in case of you become partner in partnership firm you should practice in firm name only.
CA Ravi Sisodia
(Expert)
04 January 2010
Mr. Tilak please understand my point. please correct me if i am wrong.
CA Tilak Raj Sharma
(Expert)
05 January 2010
Yes for a partnership firm a firm name and even a partnership deed is compulsory. So when you join an existing partnership firm then that firm have a firm name already. To create a new partnership firm, you need to draft a deed with your other partners and also should have a firm name.
To practice as an individual firm name is optional.
To practice as an individual firm name is optional.
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