taxability of stipend
This query is : Resolved
20 July 2010
Is Stipend is taxable? If yes,is it covered by TDS Provisions?
This is in connection with the link given below.
https://www.caclubindia.com/forum/details.asp?mod_id=90486
This is in connection with the link given below.
https://www.caclubindia.com/forum/details.asp?mod_id=90486
20 July 2010
Stipend is taxable. Generally the big - 4 audit firms who pay stipend which exceeds the basic exemption limit deducts TDS u/s 192 like TDS on salary.
Replied there also and here also.
Replied there also and here also.
22 July 2010
So is stipend taxable under the head salary ? But is Principal- Article relationship same as Employer - Employee?
22 July 2010
No stipend is taxable under the head income from other sources but TDS is deducted as if it is salary.
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