STIPEND - SALARY OR INCOME FROM OTHER SOURCES

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This query is : Resolved

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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.

TARAK KUMAR ROY

TARAK KUMAR ROY (Querist)
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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

TARAK KUMAR ROY

TARAK KUMAR ROY (Querist)
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10 March 2022 KINDLY SEND YOUR VALUABLE OPINIOM ASKED FOR TODAY. Regards, Tarak Kumar Roy