Can stipend be paid in cash?

It can be both by cash or in bank account directly. If your principal doesn’t provide any recipiet of such stipend and if tax authorities later questions you on source of such income, you can always approach you principal to provide you an undertaking stating such amount was paid by him as stipend.

How many articles can a CA train?

A ca having a continuous practice more than 3 yeras but upto 5 years – 3 Articles. A ca having a continuous practice more than 5 years but upto 10 years – 7 Articles. A ca having a continuous practice more than years – 10 Articles.

How do I get a stipend for an articleship?

Students have to go to any CA firm to work for 3 years and in return, he/she gets a stipend. Stipend literally means a small amount of money for petrol expenses or other small expenses incurred during the articleship. ICAI has fixed a minimum article ship stipend which is required to be paid by a CA to all his article trainees.

Is Luthra & co a good place to work?

I know a couple of people in Luthra and Luthra and they love everything but timings. The timings are really hardcore and might get the better of you in terms of health. As of writing, they’re #1 in legal M&A advisory and legal PE funding. It’s a great place to work if you’re highly driven by work.

How can I increase my stipend at llca?

I’ve been an article at LLCA or Luthra & Luthra and the answer is for that firm. There is no appraisal system where you could hope to get your stipend increased. The amount you get each month depends on the submission of time sheets. What I mean by that is : Your stipend could come pro – rata, for the number of days you’ve worked.

What is the minimum articleship stipend in ICAI?

Minimum articleship stipend is as per the city specific guidelines provided by ICAI. Your Principal is free to provide you the base stipend or any thing above that. No upper limit. There are cases where the Principal unethically and illegally ensure not to provide that minimum stipend either.