tds for scolarship to reserch students
This query is : Resolved
HIMANSHU RANJAN NAYAK
(Querist)
18 November 2007
Dear sir,
whether TDS is required to be deducted from payment of scolarship to reserch student by a institution .If so what is the rate of tax and under what section it will be deducted.
whether TDS is required to be deducted from payment of scolarship to reserch student by a institution .If so what is the rate of tax and under what section it will be deducted.
19 November 2007
UNDER SEC 10(16) SCHOLARSHIP GRANTED TO MEET COST OF EDUCATION IS EXEMPT FROM TAX.
THE RECEIVER CAN ALSO SUBMIT FORM 15 G AND STATE THAT HIS TOTAL INCOME BEING LOWER THAN TAXABLE LIMIT AND AVOID TDS.
TDS SECTIONS 192 TO SEC 197 NO WHERE STATE SCHOLARSHIP AS LIABLE TO TDS
R.V.RAO
THE RECEIVER CAN ALSO SUBMIT FORM 15 G AND STATE THAT HIS TOTAL INCOME BEING LOWER THAN TAXABLE LIMIT AND AVOID TDS.
TDS SECTIONS 192 TO SEC 197 NO WHERE STATE SCHOLARSHIP AS LIABLE TO TDS
R.V.RAO
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