17 March 2017
I want to confirm whether COP is required for taking up a job as a consultant. I am being offered a job on consultancy basis i.e.off-role without deduction of PF,ESIC or professional tax. They will be deducting 10% tds on consultancy fees. I am currently not holding COP. Does taking up a job on consultancy basis require COP?
18 March 2017
COP is required only for the attestation function which includes audit reports ( of any form) or certificates or the statutory requirements where certificate of Chartered Accountants is required. A Chartered Accountant is a professional with or without COP. You can take the job of consultancy without COP.