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Can a CA do attest functions and trade shares?

This query is : Resolved 
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(Querist)
18 December 2019 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?
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 December 2019 trading in shares for himself or herself is NOT considered to be CA in practice doing another business.
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Student99

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Student99 (Querist)
20 December 2019 Thank you very much! Can you also answer the other queries please?
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 December 2019 1. intention of assessee is the deciding factor whether or not it is regarded as business income OR income from other sources.
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