Regading stipend case
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 September 2010
Any amount of stipend recieve from principal is taxable in income from other sourse?????
Or it may be exempt u/10(15) to meet out the cost of education..............
Or it may be exempt u/10(15) to meet out the cost of education..............
11 September 2010
It is not exempt. It is Taxable as Income from other sources.
For detailed discussion you can see following link---
https://www.caclubindia.com/experts/taxability-of-stipend-401315.asp
For detailed discussion you can see following link---
https://www.caclubindia.com/experts/taxability-of-stipend-401315.asp
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