Chartered Accountant Firm
This query is : Resolved
27 June 2011
Can a chartered accountant own a proprietorship firm as well as a partner in a partnership firm
28 June 2011
Yes provided there is no such clause in partnership deed which restricts opening of proprietership firm of a partner
28 June 2011
In case of a CA. firm all the partners must be C.A. otherwise no partnership can be formed. There are special cases where there is some relaxation.
There is no restriction in become partner in one firm and proprietor of other form. But the disadvantage is that when Bank or government audit is allotted in the name of partnership firm then no audit is allotted in proprietorship firm and vis versa
There is no restriction in become partner in one firm and proprietor of other form. But the disadvantage is that when Bank or government audit is allotted in the name of partnership firm then no audit is allotted in proprietorship firm and vis versa
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
