Can a c.a. take the benefit of sec 80ccg ??

This query is : Resolved 

25 March 2014 Dear Experts,
Can a C.A.(Sole Prop Firm) invest in Shares for first time availing the benefit of Sec 80CCG.?

Thank You.

25 March 2014 if the section do not provide for any restriction then allowed....

25 March 2014 But in the Code of Ethics..it says that a C.A. cannot buy any shares.

25 March 2014 yes, but only for those co where he is being the auditor of the co....it doesnt say ca is completely debarred from acq shares in general???

25 March 2014 I just wanted some clarity regarding this..can i take your opinion as final ?

25 March 2014 yes my opinion is final as my prev sir also had shares in many co who is practicing CA..


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