Nitin Moudgil (~) (694 Points)
03 December 2011Dear Friends
I am doing articlehsip. My PRinciple is deducting amout of money for the days served under him. I am absent for 3 days. What will be the treatment. Coz i read somewhere that stipend is fix in nature as it is served during training period.
Please Guide
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 03 December 2011
It is fix.......Principal cann't deduct as per CA Regulation.........
Vikash Kumar
(Manager Accounts (CA. Final))
(694 Points)
Replied 03 December 2011
Principle can deduct, specially for limit crossed leave as per leave calculated under CA Act.
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 03 December 2011
But,one thing we should remember if The Principal is paying extra/other then CA Regulation then he can deduct because it is for just your leberty not under rule but rule and regulation are not binding him to pay other then CA Regulation and that is not yours any aggrement it is only orally..........however, i attache below the CA Regulation for your better understanding.............
Nitin Moudgil
(~)
(694 Points)
Replied 03 December 2011
U mean if he is paying minimum as per ICAI rules... then he cant deduct... but if he is paying 5K then he has right to deduct... am i right ???
CAclubindia
