Nature of income and its taxability

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Shivang Somaiya (Querist)
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14 April 2016 Whether A Doctor receiving Stipend income around 30,000 p.m. during the Internship period from Government Hospital is required to File income Tax return and Pay Tax ?

If yes Under which Head it will be taxable ?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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14 April 2016 Yes it is taxable. you have to pay tax and file return.

Shivang Somaiya

Shivang Somaiya (Querist)
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14 April 2016 Thank you Sir.

Under which head it will be taxable ? Salary or Other Sources ?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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14 April 2016 It is fixed monthly income so take it as a salary income

Shivang Somaiya

Shivang Somaiya (Querist)
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14 April 2016 Okk.

For salary can we termed him as a Employee ? As he is under training as per the statutory requirements of Doctor / Medical law ?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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14 April 2016 Yes you can but its not like employer-employee relationship but also claim on basis of agreement and mutual understanding.

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CA. Chikkerur C R

CA. Chikkerur C R (Expert)
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20 April 2016 If doctor is receiving as Stipend & sure that there is employer and Employee exists, Treat it as Other Income. File ITR once cross Rs 2.5 lakh and pay required tax after using applicable beneficiary sections

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Shivang Somaiya

Shivang Somaiya (Querist)
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21 April 2016 Can we treat it as other Income ?
How ?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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22 April 2016 You have to take as Salary income not as other source.

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