17 September 2008
Dear all, oneof my friend is studing MS ( Doctor) he has recd a stipend paid by Govt Hospital , pls suggest wether it is taxable as salary or other source ??? pls suggest
18 September 2008
Stipend is taxable while scholarship is not. Ascertain the nature of payment. Stipend is taxable as other income, if no employer employee relationship is there. If such a relationship exists, then taxable as salary.
18 September 2008
Employee-employer relationship is must for considering any income as salary.If such relationship exists then the said stipend can be considered as salary.
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