No he can not pay the same in cash he has to pay this through A/c payee cheque only and it should be on monthly basis
cash stipend is legal
Page no : 2
CA. Praveen Gupta
(CA )
(346 Points)
Replied 13 October 2009
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 14 October 2009
payment through a/c payee cheque is compulsory!
Purnima
(student)
(722 Points)
Replied 19 October 2009
Stipend must be paid through A/c payee cheque only
ganesh bhandari
(B.Com Final C.A. Final CS Article Clerk )
(239 Points)
Replied 06 November 2009
Yes,
The question is not of stipend being paid in cash but dummy articles?
Deepak Jain
(CA Final Student)
(514 Points)
Replied 06 November 2009
it should be paid either through cheque or should be deposited directly in the bank account
gauri bajaj
(.)
(48 Points)
Replied 09 July 2014
hii I wnt to knw that whether it wil b valid if ma principal instead of gvng me account payee chequ deposit d amont dirctly in ma bank account thru neft....?
plz help me
lokeshwari j
(20 Points)
Replied 06 September 2022
Deposit should be from principal account or from other persons account also allowed( means from principal knowing persons)
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