Pankaj 08 June 2020

Advocate and business options

Can an advocate start taxation Consultancy and related services as Proprietor or partner or director in Pvt ltd? In current scenario, when technology provides various opportunities to explore.multiple avenues, can a practicing professional Advocate take advantage to enhance earning prospects and what requirements he or she require to meet?

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Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 08 June 2020

Rule 47 provides that an advocate shall not personally engage in any business; but he may be a sleeping partner in a firm doing business provided that in the opinion of the appropriate State Bar Council, the nature of the business is not inconsistent with the dignity of the profession.