hello everyone,
i would like to know is it necessary for a CA to obtain COP to work as a full time consultant in a pvt ltd company. than in employment
2 Replies
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 11 February 2015
Yes If you are consultant in full time than require to COP.
Sathish M
(Management Accountant)
(40581 Points)
Replied 12 February 2015
It boils down to the terms of your engagement with the organization. In case, you join them as a consultant and they deduct only TDS for professional services then there is no restriction on your part to hold a Certificate of Practice unless and until the terms of engagement bar you from holding a COP.
On the contrary, if you are a full time consultant on the rolls of the organization, and you are paid salary,then employer-employee relationship kicks in and you can not hold full time certificate of practice. Beware of professional ethics on this front, some of them tacitly and deceitfully violate this provision.
Recent Topics
- Property capital gain, Bought in 2002 and sold in
- TDS Implication on Expensing Off Unrecovered Invoi
- Where can i Declare landlord share in GSTR-1
- Change of name on physical share certificates of P
- Workmen compensation insurance policy
- GST Revenue at All-Time High - A Genuine Growth or
- TDS On Purchase of Property by Firm
- Gst missing invoice in return
- Discuss and Download CA Inter Question Paper May 2
- Discuss and Download CA Final Question Paper May 2
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
