is a CA allowed to accept fees in the form of promisory notes????
pls answer referring to professional ethics and AAS-1(integrity)
Amir
(Learner)
(4016 Points)
Replied 01 February 2010
Dear Tara,
I like ur question, but I think that Professional fees can be accepted through promissory notes..Since it simply a "negotiable Instrument" & doesnot in anyway dependent on future uncertain events which is prohibited by ethics..
Further, I don't think there is any Integrity issue involved with this..
Let's see what other's reply...
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