Is stipends taxable?
This query is : Resolved
19 July 2013
SIR,
STIPEND RECEIVED BY A MEDICAL STUDENT IS Rs. 288000. THE AMOUNT IS RECEIVED THROUGH BANK. IS IT TAXABLE, IF YES, UNDER WHICH HEAD AND CAN CLAIM ANY EXPENSES?
STIPEND RECEIVED BY A MEDICAL STUDENT IS Rs. 288000. THE AMOUNT IS RECEIVED THROUGH BANK. IS IT TAXABLE, IF YES, UNDER WHICH HEAD AND CAN CLAIM ANY EXPENSES?
CA PARAS BAFNA
(Expert)
19 July 2013
It is taxable as Salary Income.
.
Also see discussion on this topic at-
https://www.caclubindia.com/forum/stipend-of-doctor-taxable-or-not--182921.asp
.
Also see discussion on this topic at-
https://www.caclubindia.com/forum/stipend-of-doctor-taxable-or-not--182921.asp
CA Mehta Ankur N.
(Expert)
19 July 2013
I Think stipend is just like educational scholarship & Exempt u.s 10(16).
As stipend to CA Article is exempt........ In same way stipend to doctor is also exempt......
As stipend to CA Article is exempt........ In same way stipend to doctor is also exempt......
CA PARAS BAFNA
(Expert)
19 July 2013
A simple logical approach can be applied here-
.
Whether the Payer has any liability to deduct TDS upon such payment to the students ?
.
Whether the amount is paid to meet the cost of education or is forming part of the compensation for the services ?
.
Whether stipend payment for excess leave taken by the student is deducted from the emoluments or not ?
Student remains a student on leave also- but why lesser scholarship is given ?
.
So, it can be decided from the facts and circumstances of the case only.
.
.
Whether the Payer has any liability to deduct TDS upon such payment to the students ?
.
Whether the amount is paid to meet the cost of education or is forming part of the compensation for the services ?
.
Whether stipend payment for excess leave taken by the student is deducted from the emoluments or not ?
Student remains a student on leave also- but why lesser scholarship is given ?
.
So, it can be decided from the facts and circumstances of the case only.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
