Can a CA show consulting income under Profits & Loss from business or profession who does not hold COP.
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Consulting income
Replies (5)
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.
thank you sir.
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.
Dear it would be professional income.
ok. thanks a lot sir and so i should prepare a bill showing professional fees. ?
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