Nitin Chordiya
(CA final Student)
(264 Points)
Replied 26 December 2015
Ruchi
(CA)
(1410 Points)
Replied 26 December 2015
Stipend is taxable(few exemptions apart) and under Income from OS.
SANTOSH AV
(ARTICLE ASSISTANT)
(36 Points)
Replied 26 December 2015
SANTOSH AV
(ARTICLE ASSISTANT)
(36 Points)
Replied 26 December 2015
SANTOSH AV
(ARTICLE ASSISTANT)
(36 Points)
Replied 26 December 2015
shubham gupta
(Tax Consultant)
(71 Points)
Replied 26 December 2015
i think its taxable under other source.. can u tell us in which firm are you working that they pay u so much? :P
CA SHAH DILEEPKUMAR
(PARTNER)
(144 Points)
Replied 27 December 2015
Dear any amount received to meet cost of your education, It has to be specifically mentioned for what type of education
he is meeting out for which stipend is being paid then it is exempted irrespective of the amount of stipend
according to the provisions of the Act. Now question is what is cost of eduction and how much is received.
If something is more than cost of education then certainly it would be taxable.
Nitin Chordiya
(CA final Student)
(264 Points)
Replied 28 December 2015
It was an example Shubham Gupta. If a firm is paying 22,000/- PM to me than i will say it is Salary for me
instead of stipend.
Nitin Chordiya
(CA final Student)
(264 Points)
Replied 28 December 2015
Thanx Sir,
| Originally posted by : CA SHAH DILEEPKUMAR | ||
 |
Dear any amount received to meet cost of your education, It has to be specifically mentioned for what type of education he is meeting out for which stipend is being paid then it is exempted irrespective of the amount of stipend according to the provisions of the Act. Now question is what is cost of eduction and how much is received. If something is more than cost of education then certainly it would be taxable. |
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