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Nitin Moudgil (~)     03 December 2011

Stipend is fix or attract deduction of leaves??

Dear Friends

 

I am doing articlehsip. My PRinciple is deducting amout of money for the days served under him. I am absent for 3 days. What will be the treatment. Coz i read somewhere that stipend is fix in nature as it is served during training period.

 

Please Guide



 7 Replies

Annu.R

Annu.R (CA,CS,B.Com)     03 December 2011

It is fix.......Principal cann't deduct as per CA Regulation.........

1 Like
Nitin Moudgil

Nitin Moudgil (~)     03 December 2011

do u have any rule copy or something ????

Vikash Kumar

Vikash Kumar (Manager Accounts (CA. Final))     03 December 2011

Principle can deduct, specially for limit crossed leave as per leave calculated under CA Act.

Annu.R

Annu.R (CA,CS,B.Com)     03 December 2011

But,one thing we should remember if The Principal is paying extra/other then CA Regulation then he can deduct because it is for just your leberty not under rule but rule and regulation are not binding him to pay other then CA Regulation and that is not yours any aggrement it is only orally..........however, i attache below the CA Regulation for your better understanding............. 


Attached File : 375104 879110 ca regulation 1988 updated upto 2008.pdf downloaded: 193 times
Nitin Moudgil

Nitin Moudgil (~)     03 December 2011

U mean if he is paying minimum as per ICAI rules... then he cant deduct... but if he is paying 5K then he has right to deduct... am i right ???

Annu.R

Annu.R (CA,CS,B.Com)     03 December 2011

Yes u r right...........

Nitin Moudgil

Nitin Moudgil (~)     03 December 2011

ta

hanks .. thanks a lot for ur input


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