scholarship-taxation?

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2010 a student getting scholarship and he is goin to kenya.. he is thinking of saving some money of scholarship and giving it to his mother who living in india..whether the saving wil be taxable which he giving to his mother? mother is dependent...

CA Kalpesh Gokani

CA Kalpesh Gokani (Expert)
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28 June 2010 No neither scholarship nor any savings from scholarship is taxable.

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2010 thanks a lot. bt i need to clarify 1 thing.. as per sec.10(16), if scholarship money is used for meeting the cost of education it is exemp. bt if used for some other purpose then it wil be taxable under income from other sources.