Stipend received in usa
This query is : Resolved
20 May 2014
My client received stipend from GE in USA $3800 per month for 7 month =$26600. GE also deducted Tax in US.
What will be taxability in INDIA as stipend is not taxable in india U/s 10(16).
What will be taxability in INDIA as stipend is not taxable in india U/s 10(16).
20 May 2014
It will b not taxable in the Country(India).
20 May 2014
please note, under 10(16) exempts only scholarships received for cost of education and nothing else is exempted.
further, whether the same is taxable in india will depend on two things:
1. whether you are tax status is resident or not
2. whether this stipend is given to meet the cost of education or not
further, whether the same is taxable in india will depend on two things:
1. whether you are tax status is resident or not
2. whether this stipend is given to meet the cost of education or not
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