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Question

A Chartered Accountant advised his client how to convert black money into white money and he also guided him how to save income tax by hiding his income. Is his act justified.

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Solution

No, the conduct of CA and businessmen are not justified:
(a) CA is violating his code of conduct by acting unethically.
(b) Cheating government by paying less income tax.
(c) Acting dishonestly.
(d) The act is not even unethical but illegal.

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