Taxability

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CA Harsh Kothari (Querist)
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25 January 2012 I am a C.A student and have income from stipend, interest (other than interest on securities - on which TDS is deducted) and capital gains from share trading. So for filing my I.T Return will stipend be taxable? Also do i have to Pay Capital gain tax if my income doesnt exceeds the basic limit??

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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25 January 2012 Stipend received is not taxable as income.

For rest of the query, i request you to refer your text book and search answer there as you have already completed taxation in your IPCC/PCC.

These are basic concepts you need to be clear with. If you try and search for solution on your own, it would be helpful to you.

CA Harsh Kothari

CA Harsh Kothari (Querist)
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02 February 2012 Dear Sir,

Thanks for your advice.