Please Help: Stifund
Posted Date : 05-Jan-2012 , 07:46:26 pm | Posted By: Plmo159638
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Students | Answers :
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Friends, during articleship, if the principal pays more stifund than the prescribed amount given by ICAI, is it assumed that it is also towards payment of stifund during leave period also? Or should the principal pay the stifund during the leave period seperately. pls clarify this point. |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Querist,
As per ICAI the article trainee has to be paid minimum stipend even if he is on leave. However, no stipend is payable for excess leave (i.e. over and above eligible leave).
Further, you can click on the following link (http://indiapoint.net/finance/2008/10/31/articleship-certain-rules/)and you will get the evidence under the head 'Stipend during leave'.
Hope the above suffice.
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| Comments |
| Posted By : Rishabh Upadhyay |
09-Jan-2012, 10:44:50 |
| not clear with the query, but even if the stipend paid by CA is more than the prescribed limits (for example i received Rs 6000 p.m during my article-ship), it will still count as stipend, and no need of paying it separately. For the leave period as ashish replied above, it is payable for the allowed leaves and not for excess leaves. |
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| Posted By : Plmo159638 |
06-Jan-2012, 08:46:02 |
| Hi Pankaj, thanks a lot for your reply. Do you have evidence supporting the same? This issue is not addressed even in the professional ethics. |
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| Posted By : PANKAJ BANSAL |
06-Jan-2012, 03:36:38 |
| He should give seperately |
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