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Income tax

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Querist : Anonymous (Querist)
03 December 2016 A DOCTOR RECEIVE STIPEND OF RS 600000 LAKHS P.A .FY 15-16.IS IT TAXABLE ?
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K.Govindarajan

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K.Govindarajan (Expert)
03 December 2016 Hi , Since this payment is made for you to gather an experience and perform services similar to an employee, such Stipend income shall be taxable as a salary . If there is no employer/employee relation exists it is taxable as Professional Income

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