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........
Menu
Eligible leave for article
Replies (4)
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)
So total number of days served for an article would be 1095 days ie 365*3. Is it not ?
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.
|
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
Recent Topics :
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
Related Topics :
CAclubindia
