stipend's taxability------urgent
This query is : Resolved
Arif Ahmad
(Querist)
21 August 2010
IS stipend is exempted from tax , if yes then whats the limit?
Kindly help me its very urgent......
Kindly help me its very urgent......
CA Kalpesh Gokani
(Expert)
21 August 2010
Yes stipend is exempt u/s 10(16)...bt it is exempt only upto amt which is spent for eductional expenses for himself only.
Aditya Maheshwari
(Expert)
21 August 2010
It is taxable. It is not covered u/s 10(16).
It is taxable.
It is taxable.
Aditya Maheshwari
(Expert)
21 August 2010
visit this link
https://www.caclubindia.com/forum/is-stipend-under-salary-90486.asp
https://www.caclubindia.com/forum/is-stipend-under-salary-90486.asp
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