Income tax return filing
This query is : Resolved
28 June 2013
I AM DOING IPCC ALONGWITH ARTICLESHIP WITH CA FIRM. I ALSO HAVE AN INSURANCE AGENCY IN MY NAME. IN THIS REGARDS I HAVE TWO QUERIES:
1. I CAN CONTINUE MY INSURANCE AGENCY ONCE I WOULD CLEAR CA FINAL.
2. I CAN FILE MY INCOME TAX RETURNS SHOWING THE COMMISSION EARNED FROM INSURANCE PREMIUM ALONGWITH THE STIPEND RECEIVED DURING MY ARTICLESHIP FROM CA FIRM.
1. I CAN CONTINUE MY INSURANCE AGENCY ONCE I WOULD CLEAR CA FINAL.
2. I CAN FILE MY INCOME TAX RETURNS SHOWING THE COMMISSION EARNED FROM INSURANCE PREMIUM ALONGWITH THE STIPEND RECEIVED DURING MY ARTICLESHIP FROM CA FIRM.
Guest
Guest
(Expert)
29 June 2013
I think a ca article in not allowed to engage himself in any business or profession during articleship.
You are free to do anything after completing your articleship.
In case of income tax return,, In such case there is no distinction of legal or illegal income, hence income tax makes assessment of all types of incomes.
You can show stipend under salary head and commission under Business or profession head.
But make sure you are not violating the provisions of CA ACT.
You are free to do anything after completing your articleship.
In case of income tax return,, In such case there is no distinction of legal or illegal income, hence income tax makes assessment of all types of incomes.
You can show stipend under salary head and commission under Business or profession head.
But make sure you are not violating the provisions of CA ACT.
29 June 2013
Ya completely Agree with Ashish.
you cannot do any other business during your article ship period.
you cannot do any other business during your article ship period.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
