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Consulting income

R M SHAH (CA) (43 Points)

05 September 2012

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

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5 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 05 September 2012

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 (CA) (43 Points)
Replied 06 September 2012

thank you sir.

R M SHAH (CA) (43 Points)
Replied 06 September 2012

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.