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........
4 Replies
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
So total number of days served for an article would be 1095 days ie 365*3. Is it not ?
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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