Article Stipend & Salary

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CA Article Trainee
84 Points Posted on 06 April 2020
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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On 06 April 2020 at 17:22 Report
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Quick Summary
This discussion addresses a query from a CA trainee regarding the declaration of their monthly stipend and additional salary in their income tax return. The trainee earns a stipend and an extra cash salary, totalling £8,000 per month (£96,000 annually), and is concerned if declaring this combined income will cause issues during their articleship termination process or with the ICAI. Other users confirm that filing the IT return with this income is generally not a problem, though one advises caution for future implications.

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37 Points Posted on 06 April 2020
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.
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On 06 April 2020 at 18:20
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no
60 Points Posted on 09 April 2020
Don't do that now a days its not a problem but in future it will be very difficult.
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On 09 April 2020 at 23:06
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CA Article Trainee
84 Points Posted on 23 April 2020
How it can be a problem in future? @ chandramouli sir
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On 23 April 2020 at 23:54

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