taxability of stipend..??

This query is : Resolved 

26 July 2009 Is stipend income exempt u/s 10(60), if not then it is taxable under salary income or other source..??

26 July 2009 Stipend of an atricled assistant is exempt u/s 10(16) of the Income tax Act,1961.

Citation :- Sudhir Kumar Sharma Vs. ITO (1983) 17 TTJ (Jp-Trib) 228.

27 July 2009 Agree with Sir


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