Articleship stipend-manner

Actually, my principal used to give me stipend through Cheque but now he asks office peon to deposit stipend in my bank account ........is it acceptable by institute?i m  worried.,reply fast...........

Replies (4)

NO..

can anyone provide me some clarity on this subject?

As per ICAI rules, stipend shall be paid on a monthly basis either by crossed a/c payee cheque (or) deposited in the bank account of the articled assistant, specially opened for this purpose. So it is right in my opinion.

can anyone plz tell me the average stipend paid to article trainees in small & medium firms in kolkata

 

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