Stipend received by super speciality students

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This discussion clarifies whether stipends received by super speciality students are taxable. It confirms that stipends are generally exempt from tax under Section 10(16) of the IT Act. If no Tax Deducted at Source (TDS) or Form 16 is issued, the stipend should be declared under Schedule EI (Others) when filing your Income Tax Return (ITR).

SREE PRAKASH

SREE PRAKASH (Querist)
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20 July 2023 Respected Sir
Please clarify the following
1.Is stipend received by students of super speciality taxable ?
2.If no Form 16 is issued by the university what is the nature of stipend received ?
Thanks in advance

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2023 Any TDS has been deducted from the stipend?
Which is the course you are learning?

SREE PRAKASH

SREE PRAKASH (Querist)
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23 July 2023 Respected Sir
No TDS has been deducted .While checking AIS no information on stipend paid and no Form 16.
Th course is DM in Tamil nadu medical university in a government medical college.
Please clarify
Thank you very much

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 July 2023 The stipend is exempt u/s.10(16) IT act.

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SREE PRAKASH

SREE PRAKASH (Querist)
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24 July 2023 Respected Sir
Please clarify one more doubt
While filing ITR under which head it is to be shown ?
Is it income from other sources and claim deduction ?
Thanks in advance

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 July 2023 Declare it under Schedule EI.... Others.... Sec. 10(16) IT act.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 September 2024 Good luck.

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