taxability of stipend
This query is : Resolved
09 January 2009
yes stipend will taxable as a salary and employer would have to collect the TDS if stipend cross the minimum examption limit
CA.Tarun Maheshwari
(Expert)
09 January 2009
In my opinion, Stipend is not taxable in salary as there is no employer and employee relationship between the CA and the article clerk. It should be taxable under Income from Other Sources.
09 January 2009
Stipend received by an articled assistant is tax free. Citation- Sudhirkumar Sharma Vs.ITO(1983)17 TTJ(Jp-Tri)228.
09 January 2009
I'm Unable to find this Case Law ..
can Somebody Give the Web Link of this Case Law
can Somebody Give the Web Link of this Case Law
10 January 2009
Its exempt U/s. 10(16).
Mail me at manikanta_03@yahoo.co.in
I will forward that case law to you.
Mail me at manikanta_03@yahoo.co.in
I will forward that case law to you.
CA.Tarun Maheshwari
(Expert)
12 January 2009
Thanks to all for updation in this matter.
24 January 2009
WHETHER THE CASE IS RELEVENT TO CA STUDENT ONLY OR COVERS OTHER CASE ALSO SUCH AS A PG MEDICAL STUDENT RECEIVED STIPEND FROM HOSPITAL
Dhirajlal Rambhia
(Expert)
11 October 2021
Yes, it is applicable to all the students pursuing higher studies, including PG medical studies.
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