Stipend received in usa
This query is : Resolved
CACS Gaurav Choudhary
(Querist)
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).
Sandeep Dharar
(Expert)
20 May 2014
It will b not taxable in the Country(India).
Nikhil Kaushik
(Expert)
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
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation error
- TDS- 2026-27 Q1 Correction
- GSTR9 Annual Return
- Applicability of tax on invoice
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
