TDS

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23 July 2010 Stipend paid to an individual is it eligible payment for deduction of tax means Whether TDS deducted or not on stipend ? also is it necessary to submit Form-16 to him

23 July 2010 No TDS to be deducted on stipend.
Stipend and salary are not same. So question of form16 does not arise.

23 July 2010 Excess amount of stipend from basic exemption will be taxable and liable for TDS Deduction. In such case you have to give TDs Certificate to the Deductee.


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