CA Varun Sahni (CA ) (121 Points)
21 August 2011HII FRIENDS. I HAVE A SMALL QUERY.
AT LEAST HOW MANY MONTHS' CHEQUES SHOULD BE RECEIVED BY AN ARTICLE IN HIS BANK ACCOUNT AS STIPEND FROM HIS PRINCIPAL??
I THINK 36 MONTHS CHEQUES, BECAUSE AN ARTICLE HAS TO WORK FOR 42 MONTHS AS ARTICLESHIP TRAINING, OUT OF WHICH 6 MONTHS (180DAYS) ARE ALLOWED BY ICAI FOR LEAVES.
PLEASE HELP. THANK YOU ^_^
Sandeep Surana
(Practicing Chartered Accountant)
(156 Points)
Replied 21 August 2011
Mr.Varun, any article eligeble for stipend for working period only, i.e. not eligeble for the leave period.
Praveen CP
(--)
(274 Points)
Replied 21 August 2011
Nope , Exam leave is paid leave . you are entitled for 42 months stipend . Only for excess leave stipend may not be paid ..
again subject to your firm's policy
CAclubindia
