Exemption under sec 10(16)
This query is : Resolved
01 February 2018
Hi
I am doctor, I completed my post graduation course (MS) from Lady Harding Medical College New Delhi(2014-2017).
I e-filled income tax return of assessment year 15-16,16-17 and 17-18.
After suggestions from someone I filled tax exemption under sec 10(16) for 16-17 and 17-18 and received all reduced tax money(1.5l).
Please tell me ,is it legal ? and what happens when something wrong.
Plz help...
Hi
I am doctor, I completed my post graduation course (MS) from Lady Harding Medical College New Delhi(2014-2017).
I e-filled income tax return of assessment year 15-16,16-17 and 17-18.
After suggestions from someone I filled tax exemption under sec 10(16) for 16-17 and 17-18 and received all reduced tax money(1.5l).
Please tell me ,is it legal ? and what happens when something wrong.
Plz help...
01 February 2018
Divergent views are there in the cited issue distinguishing ;stipend; and ;scholarship' If disputed by IT department later ,the course of action is, as you know-
1. Pay the tax with interest and get out of the issue or
2. Contest in appeal before higher authorities on the strength of court decisions.
1. Pay the tax with interest and get out of the issue or
2. Contest in appeal before higher authorities on the strength of court decisions.
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