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Rohit Arora (CA Final) (341 Points)

07 January 2012

pls help me in this situation, i have started my articleship training in august 2010,

since then my principle is paying stipend to me in cash , bt now i heard somewhere tht it is compulsory to pay stipend by cheque, is it true if so then what can i do now ?

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5 Replies

CA Abhash Mishra (Chartered Accountants) (598 Points)
Replied 07 January 2012

tell your principal to pay you in cheque only.

CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 07 January 2012

Stipend must always be paid in cheque..... otherwise both parties may face dire consequences........

Rohit Arora (CA Final) (341 Points)
Replied 07 January 2012

plz tell me what should i do now for past months i.e. august 2010 to dec.2011, plz sugest me nw ?

Vikas Aggarwal (CA ) (207 Points)
Replied 07 January 2012

every CA knows that Stipend should be paid in cheque,but why he is doing so its not clear,

you can take a consolidate cheque for the period august to december 2011 from your CA by paying cash to him ,at least by this you can justify your institute that the mistake has been rectified

CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 07 January 2012

But vikas, matter is not of only 3-4 months.... it's 16-17 months..... i think forget the past.... now, do what suggested by all.... take stipend only in cheque..... for months you can... i.e. past 4-5 months.... past transactions can't be rectified now.....