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Stipend is taxable or not...
ASSESSEE IS MBBS DOCTOR AND HE JOIN FOR ARTICLESHIP AND HE RECEIVED STPEND OF NEAR ABOUT RS. 515000/-
THEN THE STIPEND IS TAXABLE OR EXEMPT...???
Replies (5)
Stipend given to MD/MS, students is exempt. The nature of your articleship is not clear to me, so can't elaborate
YES. HE IS STUDENT OF MS AND AFTER HE PASSED OUT OF MBBS HE JOINED ARTICLESHIP IN GOVERNMENT HOSPITAL AS AN ARTICLE.
HIS MS COMPLETED IN THREE YEARS.
HIS ARTICLE PERIOD ALSO THREE YEARS.
THEN EVERY YEAR HE RECEIVED STIPEND OF RS. 4.00 LAKH
IT IS TAXABLE OR NOT
Specify, whether he was engaged as any assistant doctor or just a student of MS, when the stipend was paid?
He was engaged as an assistant doctor in a Govt. Hospital and Govt. Hospital paid him a stipend for 03 years of Rs. 5 lakh per year.
Also he studied MS course during above period.
I think this looks more like a salary as he was doing a course and the internship if not a part of ms for which is got stipened then it must be salary
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