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Mar 28, 2023 · Rule 2: Treat Trading Like a Business. To be successful, you must approach trading as a full or part-time business, not as a hobby or a job. If it's approached as a hobby, there is no real ... Hence we need a Chartered accountant (CA), who is a qualified professional and authorized by the Income-tax department to perform audits on the balance sheet and P&L statements. You the taxpayer can use any CA of your choice. What role should a CA play? Ideally, a CA is required to only audit and sign on the balance sheets and P&L statements. ….

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