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This query is : Resolved
16 February 2014
hello
I am doing internship in a c.a firm and want to know as to how to show the stipend received in my books of accounts
kindly help
16 February 2014
many firms show it as salary..so you can include in your books as receipt as salary. however, it is also argued that stipend is not an income and therefore should hit your capital a/c
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