30 January 2016
I AM A TRAINEE AT A LISTED COMPANY UNDER COMPANY SECRETARYSHIP COURSE . I AM ENTITLED TO RECEIVE A STIPEND OF 15000 RS PER MONTH OUT OF WHICH 10% (1500 RS) IS DEDUCTED AS TDS ON SALARY .
MY QUESTION IS : CAN TDS BE DEDUCTED ON STIPEND ??
BECAUSE A TRAINEE IS NOT AN EMPLOYEE OF THE COMPANY, SO HE IS NOT A SALARIED PERSON , HENCE NOT ELIGIBLE FOR TDS DEDUCTION .
CORRECT OR WRONG ... PLS DROP YOUR EXPERT OPINIONS .