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STIPEND

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(Querist)
28 August 2009 whether stipend is a taxable income or it is exempted??
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CA Ravi Kumar Murugesh

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CA Ravi Kumar Murugesh (Expert)
28 August 2009 There is no such exemption in income tax act. Generally stipend will be in lower amoounts may be up to Rs.10000/- generally with in the taxable limit.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
28 August 2009 It is taxable if exceed the basic exemption limit
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
29 August 2009 agree with expert
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
29 August 2009 Taxable Income
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