Taxability of scholarship granted
This query is : Resolved
07 March 2017
Whether Scholarship Received from NASA for clearing any exam will be exempt from tax u/s 10(16) or not????
08 March 2017
Yes it will be exempt.
for further clarity please read the judgement in Dr.Rahul Tugnait Vs. ITO (2009) 315 ITR 139 (Chd-Tri)
for further clarity please read the judgement in Dr.Rahul Tugnait Vs. ITO (2009) 315 ITR 139 (Chd-Tri)
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