Taxability Of Stipend
This query is : Resolved
11 September 2008
author : Meenakshi
Posted On : 6/17/2008 8:12:33 AM
IS STIPEND RECEIVED BY THE ARTICLE CLERK EXENPT U/S10(16)?
Expert : pushpendra
Posted On : 6/17/2008 8:37:26 AM
No , it is taxable.
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:10 AM
Is it Taxable? can u clarify how it is Mr.Pushpendra?
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:40 AM
It is not taxable
Correct Answer: It is Certainly Taxable U/s Sec.17(1)
Posted On : 6/17/2008 8:12:33 AM
IS STIPEND RECEIVED BY THE ARTICLE CLERK EXENPT U/S10(16)?
Expert : pushpendra
Posted On : 6/17/2008 8:37:26 AM
No , it is taxable.
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:10 AM
Is it Taxable? can u clarify how it is Mr.Pushpendra?
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:40 AM
It is not taxable
Correct Answer: It is Certainly Taxable U/s Sec.17(1)
11 September 2008
Stipned received by an article is taxable as per one of the journal of institute under the head salary.and Principal need to deduct TDS if this amount is crossing the maximum permissible exemtion limit according to article.
But can u clarify me, when there is no employer-employeee relationship, why it is taxable u/h salary????
But can u clarify me, when there is no employer-employeee relationship, why it is taxable u/h salary????
11 September 2008
In sudhir sen case decided by jaipur bench of tribunal, stipend received by articled clerk from principal is exempt from income tax
16 November 2008
CA Praveen Ji pl mail full citation at vibcondelhi@indiatimes.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Loss of interest in PF transfer from EPFO to Trust
- ITR-Capital Gain
- IT returns for fresh job holders
- F&O reporting in ITR
- ITR-3 File/Error Found
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
