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Form 16 - income tax

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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.
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CA PARAS BAFNA

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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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