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Consulting income


R M SHAH (CA)     05 September 2012

R M SHAH
CA 
 43 points

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Can a CA show consulting income under Profits & Loss from business or profession who does not hold COP.

Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     05 September 2012

Giridhar S Karandikar
Team Lead 
 720 likes  7008 points

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As per the CA act teh CA is not allowed to practice without holding a valid COP.  If for any reason your case comes up with the institute then it wold endanger your membership.

So get a valid COP from the institute & then do consulting. For I-t it would not be any problem as thye wont go into the details if you are holding any COP or not.

R M SHAH

R M SHAH (CA)     06 September 2012

R M SHAH
CA 
 43 points

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thank you sir.

R M SHAH

R M SHAH (CA)     06 September 2012

R M SHAH
CA 
 43 points

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sir if a ca dont want to take COP then income earned by filing return of income or finalising accounts of Company should be shown under which head of income.

Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     06 September 2012

Giridhar S Karandikar
Team Lead 
 720 likes  7008 points

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Dear it would be professional income. 

R M SHAH

R M SHAH (CA)     07 September 2012

R M SHAH
CA 
 43 points

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ok. thanks a lot sir and so i should prepare a bill showing professional fees. ?


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