Nature of income and its taxability
This query is : Resolved
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 ?
If yes Under which Head it will be taxable ?
14 April 2016
Yes it is taxable. you have to pay tax and file return.
14 April 2016
Thank you Sir.
Under which head it will be taxable ? Salary or Other Sources ?
Under which head it will be taxable ? Salary or Other Sources ?
14 April 2016
It is fixed monthly income so take it as a salary income
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 ?
For salary can we termed him as a Employee ? As he is under training as per the statutory requirements of Doctor / Medical law ?
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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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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21 April 2016
Can we treat it as other Income ?
How ?
How ?
22 April 2016
You have to take as Salary income not as other source.
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