Whether tds deductible on stipend payable to trainees
This query is : Resolved
04 July 2013
Under ABC Ltd. three types of trainees perform their work -
1. Management Trainee
2. Technical Trainee
3. Professional Trainee
Should the company deduct TDS against earnings of all the above or their earnings should be treated as scholarship which doesn't attract TDS liability?
1. Management Trainee
2. Technical Trainee
3. Professional Trainee
Should the company deduct TDS against earnings of all the above or their earnings should be treated as scholarship which doesn't attract TDS liability?
04 July 2013
Stipend is exempt income under sec.10(16),
https://www.caclubindia.com/experts/filing-of-return-1314409.asp
so tds is not applicable on stipend,
refer
sudhir kumar sharma(ca article)VS ITO
Thanks & regards
Ganesh babu k
https://www.caclubindia.com/experts/filing-of-return-1314409.asp
so tds is not applicable on stipend,
refer
sudhir kumar sharma(ca article)VS ITO
Thanks & regards
Ganesh babu k
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