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Practicising chartered accountant

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 November 2012 Does all practicising CAs get Bank Audit in first year of opening practice itself. If yes what is the geral fees received from it.

What are the other allotments made by institute.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
08 November 2012 No, Start From Fourth Year.
First Three Year They Wont Alloted Bank Audit.
Fees Depends on Advances of Branch, range From 1 Lacs to 10 Lacs Normally.

Even If You Enter a a Partner in Old Firm, Then Also They Not Consider Fresher CA While Alloting Bank Audit.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 November 2012 Thanks ayush for your reply.

Further I am not a fresh CA I already have four years of post qualification experience, then would it make any difference if I enter into practice say toay itself
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
08 November 2012 Yes, Then You Can Start.
I Think It Will Not Create a problem, Better to Enter into Existing Firm Inspite of Creating New Firm
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 November 2012 What are the other allotments that are being made by institute and fees generally received
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
08 November 2012 @ Ayush - this post qualification experience of 3 years needs to be in practice or job exp. also counted?
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
08 November 2012 i think 3 years in practice required
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
08 November 2012 Yeah..Thats Why I Asked to Enter in Exisitng Firm, so That It will not get Noticed.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
08 November 2012 suppose i will become a partner (non active) in a firm, bacause i m in a job now, will my 3 experience be counted????
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
09 November 2012 Non Active Not Counted.
Full time COP Holder Should b There
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