taxability of stipend

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amit

amit (Querist)
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09 January 2009 whether stipend is taxable or not if yes under which section

dhaval

dhaval (Expert)
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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

CA.Tarun Maheshwari (Expert)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 January 2009 Stipend received by an articled assistant is tax free. Citation- Sudhirkumar Sharma Vs.ITO(1983)17 TTJ(Jp-Tri)228.

CHEZHIYAN

CHEZHIYAN (Expert)
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09 January 2009 I'm Unable to find this Case Law ..
can Somebody Give the Web Link of this Case Law

CA Mani

CA Mani (Expert)
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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.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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12 January 2009 Thanks to all for updation in this matter.

amit

amit (Querist)
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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

Dhirajlal Rambhia (Expert)
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11 October 2021 Yes, it is applicable to all the students pursuing higher studies, including PG medical studies.

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