Professional Ethics

This query is : Resolved 

18 July 2007 Hi,

Can a C.A. (not in Practice) & not holding COP join a Company as a Consultant and show his income as a Professional fees for Income Tax purpose.


Thanks,
Ashok Gohel

18 July 2007 a

18 July 2007 If u have a COP and u dont intend to practice better surrender it and get into industry. and u 'll be assessed under head Salary if u have employee and employer relationship.

20 July 2007 Thanks Mr.Yusuf,
(1) but my question is whether a CA not in practice (not holding COP) can join a company as a Consultant, if he is given an option by the employer. Also has no intention to do practice.

06 August 2007 hi!!

i guess it has been made clear that ur income will be assessed under the head income from salaries..

ur query is answered positively...

06 August 2007 hi!!

i guess it has been made clear that ur income will be assessed under the head income from salaries..

ur query is answered positively...


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