taxability of stipend

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brijmohanpareek (Querist)
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31 May 2010 In my view if the stipend exceeds the cost incurred on education it is taxable since sec 10(16) says that schoolarships to the extent of cost of education are exempt but the question is in which head it'll be taxable since there is no employer employee relationship plz suggest

ADITYA

ADITYA (Expert)
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31 May 2010 Scholer-ship and stipend are different.

schooler-ship is paid without any consideration of work however while getting training on line with work the remuneration is paid is stipend. It is taxable at par with salary.

CA Shiv

CA Shiv (Expert)
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31 May 2010 Stipend is taxable under the had IOS...

Rahul Gupta

Rahul Gupta (Expert)
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31 May 2010 Agreed . Stipend is taxable.

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