25 February 2014
Can anyone tell me which ITR will be filed by MBBS doctor pursuing post graduation, who get stipend every month after deduction of TDS at the rate 10%
25 February 2014
Stipend received by an MBBS doctor while udergoing post graduation is tax free. Hence no need to deduct tax at source. Since tax is deducted @ 10% , you may file ITR-4 and seek refund.
Please refer section 10(16) of the Income tax Act,1961 and decision of ITAT Chandigarh bench in the case of Dr Rahul Tugnait Vs. Income-tax Officer reported in 124 ITD 480.