My articleship period commenced from 1st august 2007 and now if i want to take termination on 30th november how should i compute the total number of days served. does it include sundays and the study leave i have taken ? is it 853 days? pls reply. its very urgent
3 Replies
CA RAJENDRA PANDEY
(ACA B. Com AMFI NCFM NISM)
(327 Points)
Replied 26 November 2009
it include sunday & public holidays but not ur study leaves. u can also adjust the leave study in exceess of hours worked i.e. more than 35 hrs a week. u can also take leave of 1/6th period served.
your period be calculated as follows
total period of training
Less: leave tken (other than sunday & pblc holidays)
Actual period served
Leave allowed (1/6th of actual period)
if leave taken above is greater dan leave allowed den excess b considered as leave otherwise it is considered in training period
Krithika
(Articled Assistant)
(33 Points)
Replied 26 November 2009
Thank You Mr.Pandey.. So if i have taken study leave of 3 months, then i need to subtract those 90 days...is it?
CA RAJENDRA PANDEY
(ACA B. Com AMFI NCFM NISM)
(327 Points)
Replied 27 November 2009
hi...
90 days minus statutory holidays (i.e. sundays or public hloidays) is only deductible
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