Practice or service??? confused???

Irrespective of the current market situation that you might think exists, Do what you want to do, not what market suggests you to do. The balance of benefits will always be swinging between Practice and Job. 2 years later you might see a change in trajectory of Job Market, and CAs in Industry getting a lot better than those in practice. And few years later it might come back in favor of Practice. There is no way to predict. So, better thing to do is, do what you love, get fun in doing. Don't do it for market / money / etc. If you follow posession impulses, you will always be unhappy.

Thx Ramakrishna sir....as far as i am concerned I love being independent and be my own boss n therefore wanna go for practice......but plzz suggest how to proceed as many big players have already captured d market

That's something you will have to find out. Try Blue Ocean Strategy:-

en.wikipedia.org/wiki/Blue_Ocean_Strategy