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Receiving commission

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(Querist)
15 June 2017 Dear sir, Can a CA in practice receive commission from a software developer on advising client to buy a software from that developer? is there any prohibition for this?
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Aswath Raman

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Aswath Raman (Expert)
16 June 2017 Hi Irfan!

Not a good practice. Moreover, it is given in Clause 3 of Part 1 of Schedule 1 that a chartered accountant must not accept share of profit by another professional. Although the clause uses the term professional, on a wide reading and considering acceptable social norms, it is unethical for a CA to claim commission from a third party on commission basis and affects independence to a large extent. You may also want to refer the council's general and specific permissions on what a CA can and can't do.
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