Professional Ethics

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Ashok (Querist)

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

Ashok

Ashok (Querist)

18 July 2007 a

CA. Mohammed Yusuf

CA. Mohammed Yusuf (Expert)

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.

Ashok

Ashok (Querist)

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.

CA Nikita

CA Nikita (Expert)

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...

CA Nikita

CA Nikita (Expert)

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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