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Article Assistant

09 December 2017

articleship in CA ......article assistant getting stipend can get exemption under income tax Act.......in what section it will exempt .....in the hand of article assistant ......?

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7 Replies

Damisetty Saketh (student) (108 Points)
Replied 09 December 2017

I think it's not taxable at all unless your stipend income exceeds basic exemption limit

Divakar (Student CA Final ) (11857 Points)
Replied 09 December 2017

Stipend is exempted income... May be under section 10...this time not in mind... First check then confirm u

Divakar (Student CA Final ) (11857 Points)
Replied 09 December 2017

Bdw kisko mil rahe itne stipend 😂😂😂

Rahul Panwar (nothing) (123 Points)
Replied 09 December 2017

ho dude, there is no such provision in income tax. so it is taxable

Divakar (Student CA Final ) (11857 Points)
Replied 09 December 2017

Bro plz refer section 10(16) of income tax act... Before posting anything first u confirm it at ur level... It doesn't come under the definition of salary