Taxability of stipend ????
This query is : Resolved
16 June 2010
I m confused whether the stipend recd. during articleship is taxable or not ?????
https://www.caclubindia.com/experts/taxability-of-stipend-received-during-articleship-326975.asp - "It CLARIFIES THAT IT IS NOT TAXABLE......."
Whereas
https://www.caclubindia.com/experts/taxability-of-stipend-401315.asp - "IT SAYS THAT IT IS TAXABLE UNDER IOS....."
Plz help........ :-(
https://www.caclubindia.com/experts/taxability-of-stipend-received-during-articleship-326975.asp - "It CLARIFIES THAT IT IS NOT TAXABLE......."
Whereas
https://www.caclubindia.com/experts/taxability-of-stipend-401315.asp - "IT SAYS THAT IT IS TAXABLE UNDER IOS....."
Plz help........ :-(
Aditya Maheshwari
(Expert)
16 June 2010
the post in experts read as
"If the Stipend granted is for furthering education or gaining knowledge , same can be claimed exempt u/s 10[16] of the Income tax Act, 1961." which is not the fact which is discussed in the forum and hence the same is taxable.
"If the Stipend granted is for furthering education or gaining knowledge , same can be claimed exempt u/s 10[16] of the Income tax Act, 1961." which is not the fact which is discussed in the forum and hence the same is taxable.
Aditya Maheshwari
(Expert)
16 June 2010
It has also been discussed here
https://www.caclubindia.com/forum/stipend-81580.asp
https://www.caclubindia.com/forum/stipend-81580.asp
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