Tax on fellowship stipend received by a doctor

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2015 Is fellowship stipend received as a part of PG course (MD Medicine) taxable?

A few points:
-Amount credited per month = INR 40000
-No TDS is deducted
-Professional tax is charged
-Form 16 or 16A is not issued at the end of Financial Year.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 March 2015 Professional tax is charged, Taxable and TDS has to be deducted.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2015 But the employer ( a govt hospital) has not deducted any tax. Shall we file the return treating it as Income from Salary and pay Self Assessment Tax?

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2015 But the employer ( a govt hospital) has not deducted any tax. Shall we file the return treating it as Income from Salary and pay Self Assessment Tax?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 March 2015 Yes you can do it........