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Scholarship

This query is : Resolved 
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(Querist)
04 August 2012 Is scholarship received by assessee from his employer for assesses' child is exempt from tax as a whole?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 August 2012 Yes. Scholarship is exempt for the employee
provided the same is granted to meet the cost of education.
.
Cost of Education has got a wider sense AND includes almost all the expenditure like hostel fee, clothes, travelling and expenses etc. of a student.
.
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SANYAM ARORA

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SANYAM ARORA (Expert)
04 August 2012 Agreed with the reply
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
05 August 2012 yes it is exempt from tax
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