12 June 2009
Suppose a C.A. Student receives stipend from his employer, is that stipend taxable in the hands of the article.The article is having other income which exceeds the basic exemption limit which are subject to tax. For example Mr.X is having income from other sources Rs.155000 and is receiving a stipend of Rs.15000 P.A. will his stipend be included while computing his total income. Kindly reply me soon Thanks in advance
CAclubindia
