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Tds on internship

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(Querist)
06 June 2012 if the company pays compensation on internship. then tds is deducted or not
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
06 June 2012 compensation for internship or stipend is taxable under head income from other sources and no specific rate of tds is prescribed as its not salary, not a professional fee nor a work contract
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
06 June 2012 yes.agree with above..
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