19 June 2008
if a person(not a CA article) is recieving a stipend from co. say RS.75000 pm whether it is taxable or exempt. plz provide the section and what about if CA article is recieving this
20 June 2008
epmployer employee relationship is not there because
1.there is an agreement of employment(102 is not an employemnt agreement) 2.plactically employee gets employee id and all prevelages which a normal employee gets. 3. no PF a/c or grautity is enjoyed by trainee.
1. why 102 is not an employment agreement? it cleraly provide for article to serve for 3.5 years under that employer for consideration of stipend.
2. not in every company the employee get employee id. looks u never been in any small or medium size company. which privilage an article don't get, pls let me know.
3. p.f. and gratuity are applicable if some conditions prescribed in respective acts are complied with. but i never seen any ca firm complying with these acts. perhaps they avoid applicability of these acts thru other means.
CAclubindia
