What is the leave an article (IPCC scheme) can take during the 3 years of his/her training so that he/she doesn't have to serve any period of extension ??
Please help........
Deepak Gupta
(CA Student)
(15922 Points)
Replied 23 February 2015
Leave to an articled assistant:
.
1/6th of [Total number of days served – Total leave taken (other than weekly holidays)], subject to a maximum of 156 days in case of three years period of articled training.
.
[Examination days (including intervening holidays), ITT, GMCS and Seminars attended with the consent of the CA., are treated as part of the training period actually served.]
.
- Refer Para 1.11 of the Training Guide (Download)
Tony John
(Chartered Accountant)
(6085 Points)
Replied 25 February 2015
Rahul Verma
(CA-Final)
(484 Points)
Replied 26 February 2015
Hey tony
No of days served means days for u actually did work. supposed u completed 2.5 year and now u want to check the leave so you will have to do like this.
Acutally worked (Excluding No of leave availed) 700 (180 leaves taken)
So leaves allowed to u 'll be 700/6=117.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 27 February 2015
|
A. |
Total number of days served (365*3) |
1095 |
|
B. |
Less: Total leave taken (other than weekly holidays) |
xxx |
|
C. |
Actual period served |
xxx |
|
D. |
Entitlement of leave (1/6th of C) subject to maximum 156 days |
xxx |
|
|
Excess Leave (B-D) |
xxx |
.
- As per Annexure-I of the Training Guide
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