Form 16 - income tax
This query is : Resolved
Vivek Rawal
(Querist)
10 February 2012
My company has provided scholarship to my son. Will it be included in calculations as part of taxable salary? Will it be mentioned in Form-16?
Thanks.
Thanks.
CA PARAS BAFNA
(Expert)
10 February 2012
Scholarship is not a taxable income vide Section 10(16) and the recipient is student, as such it is not included in Form 16
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