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Ca CA student show Business inome ( ITR , Accounting )

ITR 898 views 3 replies

A__ A

Student All-ways

275 Points Joined February 2008

Hi,

i am ca final student.

i have already started ITR filling work..etc.

one of my friends got information from his ca that CA student ca not file return of income ..if he is getting salary or carring on business he has to file form 102 or something ...

i have also filled my return of income for f.y 07-08 , 08-09.

and shown salary income ( from My mothers pro. concern Rs. 60,000 p.ann o7-08 , 65,000 p.ann 08-09 )

business income from filling itr and accounting work. rs. 46,950 for 07-08 & 85,711 for 08- 09 )

Guys please please help...it can be source of huge trouble...

Replies (3)

A__ A

Student All-ways

275 Points Joined February 2008

any one don;t know about this or what?

praveen

Chartered Accountant

6971 Points Joined September 2007

Yes during articleship one has to concentrate only on articleship, his exams and a course which may be allowed from the institute. You can be a sleeping partner or a sleeping director in a firm or company and cannot indulge in any other activity. If you file the IT return then you will be in trouble if the ICAI gets to know about your filing return - chances are very rere but you are taking a big risk dude.