STIPEND - SALARY OR INCOME FROM OTHER SOURCES


This query is : Resolved 

Quick Summary
This discussion explores whether a monthly stipend received from IIT Khagrapur should be classified as salary or income from other sources for tax purposes. The client also has income from bank interest, private tuition, and share trading. The consensus suggests that the stipend should be treated as salary income.

10 March 2022 One of my clients receives stipend Rs.11400/- per month from IIT Khagrapur. Is stipend to be treated as salary or income from other sources? He has got also bank interest (both the S/B & F/D), professional income from private tuition and share trading. Kindly send your valuable opinion. Regards, Tarak Kumar Roy, P.O. Naihati-743165, West Bengal

10 March 2022 KINDLY SEND YOUR VALUABLE OPINIOM ASKED FOR TODAY. Regards, Tarak Kumar Roy

10 March 2022 It's salary income only.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details