Menu
Confusion about 1/6th or 1/7th articleship leave rule and th
What is the leave entitlement: 1/6th of period served or 1/7th of total articleship period served for an old CA final student gone through PE-II? The 1/6th rule seems unjust as it does not actually consider the real period of articleship of 1095 days as base but uses a notional base period varying from student to student depending on the number of days he has taken leave. I want to know whats applicable to me; I began articleship in Feb 2007. Also, is the 35 hour week applicable to an old final student like me? Please someone help fast, times runnin out for me!
Replies (1)
both 1-6 and 1/7 are same
as an example total period is 365
leave alloted 365/7 =52 days
now net articleship should be done is 365-52=313
and 1/6 of 313 is also 52
and for these calculations your status is not relevent(either final or pcc, either old or new scheme), 35 hrs is applicable to all
Recent Threads
- Final new course clarification
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
Related Threads
CAclubindia
