Trading in stock market by a ca articled assistant
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2014
Sir,
I am doing my CA article ship training 2nd year. I want to open a DEMAT a/c and start trading in stock market. But some of my friends told me that CA articleship students are not allowed to do stock trading, as it will leads to cancelation of articleship period completed till now. I don't know whether it is right or not. I am totally confused. Please somebody let me know the right thing.
I am doing my CA article ship training 2nd year. I want to open a DEMAT a/c and start trading in stock market. But some of my friends told me that CA articleship students are not allowed to do stock trading, as it will leads to cancelation of articleship period completed till now. I don't know whether it is right or not. I am totally confused. Please somebody let me know the right thing.
Amol S Joglekar
(Expert)
18 November 2014
TRADING is definitely NOT envisaged in the articleship. But investment you can very well do. There is a LINE, however thin it might be, between investment and trading.
18 November 2014
u need to fistr take icai's permission in form 112 as it tantamounts to business if u want to trade i.e buy and sell stocks and shares in ur name via demat account.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- GST on reimbursement of expenses
- Query on effect of registration of property
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
