Easy Office

cash stipend is legal

Page no : 2

CA. Praveen Gupta (CA ) (346 Points)
Replied 13 October 2009

No he can not pay the same in cash he has to pay this through A/c payee cheque only and it should be on monthly basis

CA Ruben Balooni (Professionalism ™) (1324 Points)
Replied 14 October 2009

 payment through a/c payee cheque is compulsory!

Purnima (student) (722 Points)
Replied 19 October 2009

Stipend must be paid through A/c payee cheque only

ganesh bhandari (B.Com Final C.A. Final CS Article Clerk )   (239 Points)
Replied 06 November 2009


The question is not of stipend being paid in cash but dummy articles? 

Deepak Jain (CA Final Student) (514 Points)
Replied 06 November 2009

it should be paid either through cheque or should be deposited directly in the bank account

gauri bajaj (.) (48 Points)
Replied 09 July 2014

hii I wnt to knw that whether it wil b valid if ma principal instead of gvng me account payee chequ deposit d amont dirctly in ma bank account thru neft....?

plz help me

lokeshwari j (20 Points)
Replied 06 September 2022

Deposit should be from principal account or from other persons account also allowed( means from principal knowing persons) 

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