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Query from heart

ANOOP (student) (428 Points)

28 September 2013

A query from heart

as a matter of fact the place from where I am doing my articleship my sir is very nice person and he helps me a lot whenever I want ,in fact he only comes & teaches many things to me and always ready to help, I feel very much embarassed to take money from him as stipend, bcoz the way he help me I feel that I should not take money from him, he is not a very big ca but in fact a very good human being, as gesture of thanks I dont want to take stipend from him..suppose If I say him not to give stipend will there be any problem from inst side.....kindly reply....

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4 Replies

(Guest)

You have to take the stipend in way of cheque.. you can return that by cash....

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 03 October 2013

it is mandatory to take stipend from ca as per icai regulations . . and mandatory to take stipend by crossed cheques . . so take stipend in cheque and u can return back to him by cash

Pawan Mittal (CA Final) (702 Points)
Replied 15 October 2013

Dear Anoop

No need to show so much of love for your principal. As the stipend rates prescribed by the institute are nominal. Even the petrol expenses incurred by the articles are higher than the stipend.

By paying nominal amount of stipend CAs are taking work from potential CAs.

You should not start any new ritual by repaying the stipend money. As most of the CAs already don't want to pay stipend.

If you really want to convey thanks to your sir than improve the quality of your work in the office, do work till late hours with utmost sincerity.

And as far as your question is concerned it is a mandatory requirement for the CAs to pay the minimum amount of stipend. Therefore if you don't receive stipend by cheque than it may lead to professional misconduct on the part of your principal as well as on yours.

Moreover very few articles are satisfied with their training and pricipals, you are really fortunate that you have got such a good principal. Can you please let me know the name of your firm and principal so that I can recommend my juniors your firm and your principal.

Aditya Goel (Chartered Accountant) (31 Points)
Replied 21 October 2013

Dear Anoop,

Such an act would most likely be immaterial in your cause to please your principal and try and show him your respect for him.
If you really intend on pleasing your Principal and repaying his care, you should work as hard as possible to be one of the best, because if you turn out to be a successful person, people will look towards your Principal's firm with more awe.

I am touched that you have such a feeling towards your Principal. Best of Luck with your future endeavours.

Regards.

Aditya