is there any problem in receiving stipend via cash nd not by cheque
Aarti Garg (Ca Student) (161 Points)
04 July 2008is there any problem in receiving stipend via cash nd not by cheque
CA Rahul Gupta
(Ca )
(57 Points)
Replied 04 July 2008
yes there is a big problem,plz receive stipend through cheque.
Ankit kansal
(Professional)
(43 Points)
Replied 04 July 2008
hi ,
As per guidence issued by ICAI stipend shall be payable by the chartered through cheque only and not in cash.
Regards,
Ankit Kansal
khushboo jagdish kabra
(Article)
(38 Points)
Replied 04 July 2008
IT is proof that we are doing articleship as the entrie can be seen in the pass book
khushboo jagdish kabra
(Article)
(38 Points)
Replied 04 July 2008
IT is proof that we are doing articleship as the entrie can be seen in the pass book
CA. Shikha
(Chartered Accountant)
(4143 Points)
Replied 04 July 2008
CHEQUE IS BETTER PROOF AS IT CAN BE VERIFIED FROM THE BANK IN FUTURE IN CASE OF ANY PROBLEM.
ALSO TAKE THE CHEQUE ON MONTHLY BASIS
CA PAWAN SETHI
(CA, CS PROFESSIONAL)
(388 Points)
Replied 04 July 2008
Hello Aarti,
It is compulsory to receive Stipend by way of Cheque as in articleship completion certificate there is column for bank details.
Always receive ur stipend by cheque. It will be beneficial for u as well as your principal.
from urs principal point of view, if u deny that u have not recd. ur stipend then it will be easy for ur principal to prove that he has paid stipend thru cheque....
from urs point of view, if ur principal claims that u were not at work for say 3 months and shows excess leave ( assume that he has altered attendance register),, then it will b easy to prove that u were at work as u had recd. stipend for that period thru cheque
ICAI also prescribes for receiving stipend in cheque to avoid any future litigation...
so always receive ur stipend in Cash...........
Rakesh Kumar Bansal
(PRACTICE)
(113 Points)
Replied 04 July 2008
It is compulsory to receive Stipend by way of Cheque as in articleship completion certificate there is column for bank details
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
