banner_ad

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).

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details