Dear Collegues,
How are you all? I hope everyone is fit and fine. Stay Home and Stay Healthy.
I am having a small query regarding article stipend and extra income such as salary.
As i am under a CA articleship training and i am receiving 1500/month as stipend which is deposited in respective registered bank, and also i get extra income of 6500/month as salary which i get received in cash. My query is that can i file income returns including 1500+6500 = 8000 / Month Stipend + salary in IT return. A total income of 96,000/- for the F.Y 2019-20.
Is it will make an issue while filing Articleship Termination process after 3 years of completion? Will ICAI ask where the extra income raised while doing artcilship?
Please help me out.
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Article Stipend & Salary
Replies (3)
There is no issue to file ITR of Rs. 96,000/- as ICAI never ask u for ITR and u can do extra work for extra income.
Don't do that now a days its not a problem but in future it will be very difficult.
How it can be a problem in future? @ chandramouli sir
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