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Exemption of stipend

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(Querist)
06 March 2014 Stipend of Medicle student can get exemptipon in income tax act if stipend amount is 360000 annual..
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
07 March 2014 stipends for educational purposes can be covered under Section 10(16). if it doesnt fall within 10(16) it shall be taxable
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 March 2014 Please see http://www.hindu.com/thehindu/biz/2001/11/22/stories/2001112200310202.htm
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