Stipend & tuition income
Querist : Anonymous
I am having Following Income:-
1. Stipend Income From CA Articleship
2. Tuition Income from Private Class
3. Bank Interest
I have following doubts :-
1. Is stipend Income is taxable? If yes then under which head it is taxable? Should I claim tuition fees paid to private class for CA Final course as deduction? If stipend is taxable as income from salary then should I get tuition fees deduction or not?
2. I am earning income from private class as a teacher, I do not have my separate private class. So under which head tuition income from private class is taxable ?
3. Which ITR form?
.
You can take stipend as an exempt income in the shadow of Section 10(16).
.
Tuition fee paid by you (thus) can not be claimed as deduction.
.
Prefer Income from Other Sources head.
.
File ITR -2
.
Querist : Anonymous
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