Educational Scholarship

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2011 I received Rs.60000/- towards Educational Scholar Ship for my wards during the F.Y 2010-2011. my employer has allowed exemption for Rs.30000/-only which was considered in my form-16. Can I claim for rest of Rs.30000/- from AO or not.

Kindly advise in this regard.

A K Sarma

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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25 July 2011 Scholarship granted to meet education cost of children of employee is exempt - Where the company of which the assessee was an employee granted scholarships to the children of its employees solely at its discretion without any reference to the terms of employment of the employees, and the assessee’s children had also received certain sum as scholarships from the company, even if the amounts were taken as having been paid to the assessee, they were amounts of scholarship and hence not liable to be included in the computation of the total income of the assessee within the meaning of section 10(16) - CIT v. M.N. Nadkarni [1986] 161 ITR 544 (Bom.).

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