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Stipend

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2015 Dear All,

In order to avoid PF liability, my client is booking stipend payable to trainees under the head of Repairs And Maintenance. Is it correct accounting ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 April 2015 Stipend under Repair & Maintenance? Not correct accounting at all.

It can be shown as stipend to trainee. There will not be any PF liability on this.

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