Nisha (CA Final Student) (214 Points)
09 November 2010I want to know how much extension if i take 5 months leave for finals...pls help me out...
My article-ship started on 15/10/2007 and going to end on 14/04/2010. If the total leave including the 5 months leave for ca finals study is 400 days.. Pls let me know how much the articie ship will be extended...
Pls reply guys...
Thanks in advance..
Nisha
sanjay
(articled assistant)
(21 Points)
Replied 09 November 2010
No of excess leave taken, plus 1/6th of the same(inclusive).
CA Rahul Singh
(CA B.com (hons) Mcom Pursuing)
(185 Points)
Replied 09 November 2010
Varun.T.K
(CA Final, CS Executive)
(365 Points)
Replied 11 November 2010
Excess Leave Calculation
No.of Articleship days[3.5 years) 1277
Less:Total Leave Taken 400
Actual Period Served 877
Eligibility of leave[1/6 th of actual period served] 146
Excess Leave[Total Leave Less Eligible leave] 254 days(8.5 months)
prakash
(maharsi)
(22 Points)
Replied 20 November 2010
Is there any formalities to be fulfilled for extension of articleship?
Siddharth
(Get Digital Signature Certificates (DSC) in 30 minutes! Click on send PM!)
(672 Points)
Replied 20 November 2010
A general thumb rule is you have 180 days of leave credit for 3.5 years training period. Any excess is to be served, unless until your CA is super-human.. ;)
@ prakash: Form 107 is required to filled, if you want to continue at the same firm. For switching to another firm, 108 for completion, then 102 and 103 for re-registration.
You might want to confirm it with e-sahayata at icai.org
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