Stipend received in usa

This query is : Resolved

CACS Gaurav Choudhary (Querist)
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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).

Sandeep Dharar

Sandeep Dharar (Expert)
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20 May 2014 It will b not taxable in the Country(India).

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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