one of my friend is receiving stipend from his CA and he is also working part time as an accountant in some office n receiving salary from there. he wants file his return, under which head should he show his stipend income.
19 Replies
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 27 July 2010
It is better if he does not file his ITR because if he will show salary as well as stipend then he can be in problem because of ICAI.
Mahesh Lahoti
(B.com Hons C.S Professional Programme)
(1311 Points)
Replied 27 July 2010
agree with sudhanshu sir
Atul Gupta
(Ca final Article)
(39 Points)
Replied 27 July 2010
yeah Sudhanshu is Right, anyways he can show Tution Income if he wants to file The ITR.
CA B Anand
(CHARTERED ACCOUNTANT)
(198 Points)
Replied 27 July 2010
DONT FILE IT RETURN....THATS IT....
shyam sundar
(Article Assisstant)
(183 Points)
Replied 27 July 2010
Any article assisstant shouldnt engage himself in anyother business or profession except being a sleeping partner of a firm or a director in a company controlled by his family.
If you are an article assisstant its a clear violation of byelaws of icai.
but if you are not a article assisstant but working both in a CA office then it should be treated as salary and not as stipend.
Somshekar (Rankholder)
(-)
(158 Points)
Replied 27 July 2010
it will be voilation under ca regulations. as regard stipend it is not taxable
(Guest)
| Originally posted by : Shudhanshu Agrawal | ||
 |
It is better if he does not file his ITR because if he will show salary as well as stipend then he can be in problem because of ICAI. |
 |
HE SHOULD ALSO FILL APPLICABLE FOR PERMISSION FOR WORKING AS PART TIME ACCOUNTANT. IT WILL BE BETTER TO HIM
Nitin Grover
(CS)
(1228 Points)
Replied 28 July 2010
Dear Friend
File the Return...... no problem at all
as per ICAI rules 35 hrs in week u have to utilize in Trainning i.e. 6 hrs/ day.....
if u r doing any job/business then no prob file return and in your case ITR 1 is required and show both (salary + stipends).
ICAI wont ask for your ITR......
Regards
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 28 July 2010
i dont know why people are saying dont file ITR...people do LLB & CA together...no1 caught them...but ICAI has time to check this ITR...
Dheeraj
(Learner)
(1100 Points)
Replied 28 July 2010
i think u should show salary u/h salary but stiphend as other sources income
as stiphend doesnot mean to salary bcoz we are just at trainning not at job
G!rdhar! Jang!d
(Tax Consultants )
(680 Points)
Replied 28 July 2010
| Originally posted by : shyam sundar | ||
|
|
Any article assisstant shouldnt engage himself in anyother business or profession except being a sleeping partner of a firm or a director in a company controlled by his family. If you are an article assisstant its a clear violation of byelaws of icai. but if you are not a article assisstant but working both in a CA office then it should be treated as salary and not as stipend. |
|
Puneet Mantri
(CA Final student)
(534 Points)
Replied 28 July 2010
Article student should not file ITR
Kushal Bansal
(CA Final, CS Final)
(286 Points)
Replied 28 July 2010
| Originally posted by : Prateek | ||
|
|
i dont know why people are saying dont file ITR...people do LLB & CA together...no1 caught them...but ICAI has time to check this ITR... |
|
agreed with prateek...
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