Sty fund to an article
This query is : Resolved
Amarjeet Singh
(Querist)
22 April 2008
Is stipend received from a ca firm by an article is exempt or not
22 April 2008
Its not exempt but because of small amount it is not coming in tax slabs.
however if someone has other taxable income, then obviously it is taxable.
however if someone has other taxable income, then obviously it is taxable.
23 April 2008
It is taxable
23 April 2008
Good question. the stifund amount is small and will not come into the parview of taxable limits. If it to be added to another incomes it should be shown as income from other sources.
CA S Sundararajan
(Expert)
23 April 2008
It is taxable and Insti. clearly stated the case.
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