Scholarship
This query is : Resolved
Narpat S Gaur
(Querist)
04 August 2012
Is scholarship received by assessee from his employer for assesses' child is exempt from tax as a whole?
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.
.
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.
.
SANYAM ARORA
(Expert)
04 August 2012
Agreed with the reply
CA BHARATH KUMAR
(Expert)
05 August 2012
yes it is exempt from tax
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