Disclosure of Stipend earned by article in ITR
This query is : Resolved
22 July 2009
Whether itis necessary to disclose the stipend income earned u/sec 10(16) in the ITR? And if yes underb which category
Is there any case
Is there any case
22 July 2009
Until and unless your total income exceeds the basic exemption limit you dont have to file return.
If the same is exceeding and no TDS has been deducted then you should have paid Advance Tax and now you have to pay Interest on late payment of Tax.
The income will be shown under the head Income from other Sources.
If the same is exceeding and no TDS has been deducted then you should have paid Advance Tax and now you have to pay Interest on late payment of Tax.
The income will be shown under the head Income from other Sources.
22 July 2009
Yes it is necessary to disclose stipend under fully exempted income in the Income tax return.
The reason is in the verification part of the return, the assessee is signing after saying that the information given in the return is true and those in the schedules to the return are correct and complete.
There is no case law regarding disclosure of stipend in ITR.
The reason is in the verification part of the return, the assessee is signing after saying that the information given in the return is true and those in the schedules to the return are correct and complete.
There is no case law regarding disclosure of stipend in ITR.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- UDIN ISSUE
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
