stipend of article
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2010
stipend of article is exempted or not
28 January 2010
S its exempted if it below taxable income, its treated as salary only under income tax...
28 January 2010
exempted
29 January 2010
If the Stipend granted is for furthering education or gaining knowledge , same can be claimed exempt u/s 10[16] of the I T Act,1961 . In this regard the decision of the Karnataka High Court in A. Ratnakar Vs. Addl. CIT [1981] 128 ITR 527 can be applied.This was also followed by Tribunal in the case of Income-tax Officer Vs. Dr. G.N. Ramachandran 1 ITD 902.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Specified Profession
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
