Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2016
A DOCTOR RECEIVE STIPEND OF RS 600000 LAKHS P.A .FY 15-16.IS IT TAXABLE ?
03 December 2016
Hi , Since this payment is made for you to gather an experience and perform services similar to an employee, such Stipend income shall be taxable as a salary . If there is no employer/employee relation exists it is taxable as Professional Income
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