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Taxable stipend

This query is : Resolved 


(Querist)
stipend is taxable under which head?and y?pls rpl soon

C.A Anshul Singhal


C.A Anshul Singhal (Expert)
it's taxable

jeetu


jeetu (Querist)
but under wchih head & reason y under that head

CA PARAS BAFNA


CA PARAS BAFNA (Expert)
It's taxable under the head Income from Other Sources.
.
Where the relationship is of employee & employer, it can be taxed under the head "Income from Salaries" also.
.

jeetu


jeetu (Querist)
is der is any case 4 dat or any sec dat it is taxed under the head IFOS

Ganeshbabu K


Ganeshbabu K (Expert)
Stipend income is exempt from income tax under section 10(16)

Citation: sudhir kumar sharma vs income tax officer
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