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Home business

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2014 Is it ok/allowed to have a registered home business for a CA student(on his/her name) and have an income from it.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 October 2014 if you are an article, then no...
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2014 what could be the alternative to it then?? If the income is giving substantial support, how can it be carried on then?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 October 2014 transfer the business to other family member's name..
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2014 I haven't yet passed CA IPCC exam, so i am not an article. But later on i will become one. So will i have to later transfer my business to any other member, as of now i am not an article.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 October 2014 yes..thats what you gotta do...take care and best of luck...

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