02 March 2020
I have completed 1 year 4 months and 9 days of article training under one principal and after taking transfer completed the remaining period of 1 year 7months and 22 days under a new principle on 25th Feb 2020. While filling form 108, I am faced with the problem of submitting report of work experience. My entire period of working including leaves under both principals amounts to 136 weeks. So should my work experience report in form 108 cover the entire period of 136 weeks or 78 weeks served under the new principal post transfer. Please guide...
02 March 2020
It's for the entire period..
I think only 5 years need to work and weekly 35 hours.
If excess worked then you can set off against the leaves..
28 July 2024
Filling out Form 108, which is used for reporting the completion of practical training (articleship) for Chartered Accountancy, involves detailing your work experience under both your principals. Here’s a step-by-step guide to help you accurately fill out the "Work Experience" section of Form 108:
### **Form 108: Reporting Work Experience**
#### **1. **Introduction** - **Purpose**: Form 108 is used to report the details of your articleship experience, including the period served under each principal.
#### **2. **Filling the Work Experience Section**
1. **Details of the Articleship**
**2.1 Articleship Period** - **Total Period**: Report the total period of your articleship including both the periods under different principals. - **Breakdown**: Specify the period under each principal separately.
2. **Details of Each Principal**
**3.1 Principal 1** - **Name of Principal**: Provide the name of your first principal. - **ICAI Membership Number**: Enter the ICAI membership number of your first principal. - **Address of Principal**: Mention the complete address of the first principal. - **Period of Training**: Specify the start and end dates of your articleship under the first principal (e.g., from DD/MM/YYYY to DD/MM/YYYY). - **Duration**: Mention the total duration in weeks (e.g., 1 year 4 months and 9 days).
**3.2 Principal 2** - **Name of Principal**: Provide the name of your second principal. - **ICAI Membership Number**: Enter the ICAI membership number of your second principal. - **Address of Principal**: Mention the complete address of the second principal. - **Period of Training**: Specify the start and end dates of your articleship under the second principal (e.g., from DD/MM/YYYY to DD/MM/YYYY). - **Duration**: Mention the total duration in weeks (e.g., 1 year 7 months and 22 days).
3. **Total Work Experience**
- **Total Duration**: Report the total number of weeks of articleship served (136 weeks in your case). - **Breakdown of Weeks**: This should include the sum of periods served under both principals.
4. **Leave Details**
- **Leave Taken**: Include details of any leave taken during the articleship period. - **Leave Period**: Mention the total number of weeks of leave taken and ensure that it is accounted for in the total period.
5. **Signature of Principal(s)**
- **Principal 1 Signature**: Obtain the signature of your first principal, confirming the duration and experience reported. - **Principal 2 Signature**: Obtain the signature of your second principal, confirming the duration and experience reported.
6. **Declaration**
- **Candidate’s Signature**: Sign the form to declare that the details provided are accurate and complete. - **Date**: Enter the date of signing the form.
### **Example of Filling Work Experience Section in Form 108**
**Work Experience Report**
| **Field** | **Details** | |------------------------------|-----------------------------------------| | **Total Period of Articleship** | 136 weeks |
**Principal 1:**
| **Field** | **Details** | |----------------------------|-----------------------------------------| | **Name** | [First Principal’s Name] | | **ICAI Membership Number** | [Membership Number] | | **Address** | [Address of the First Principal] | | **Period** | From [Start Date] to [End Date] | | **Duration** | 1 year 4 months and 9 days |
**Principal 2:**
| **Field** | **Details** | |----------------------------|-----------------------------------------| | **Name** | [Second Principal’s Name] | | **ICAI Membership Number** | [Membership Number] | | **Address** | [Address of the Second Principal] | | **Period** | From [Start Date] to [End Date] | | **Duration** | 1 year 7 months and 22 days |
**Total Duration Reported**: 136 weeks (including both principals).
**Leave Taken**: Mention separately if applicable.
- **Accurate Reporting**: Ensure you accurately report the total period served under each principal and the cumulative total. - **Leave Accounting**: Include any leave taken and ensure it is factored into the total duration. - **Signatures**: Obtain and attach the signatures of both principals.
### **Submission**
- **Online Submission**: Form 108 can be submitted online through the ICAI website or through the local ICAI chapter. - **Manual Submission**: Alternatively, you can submit the filled form manually to your regional ICAI office.
### **Useful Resources**
- **ICAI Official Website**: [ICAI Forms and Guidelines](https://www.icai.org/) - **ICAI Regional Offices**: Contact your nearest ICAI regional office for assistance.
This process ensures that you fulfill the requirements of reporting your practical training accurately and completely. If you encounter any specific issues or need further clarification, contacting ICAI directly or consulting with a CA mentor can provide additional guidance.
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