Sir,
if any principle pays Rs. 20000 per month as stipend during article ship training then what will be TDS rate for tax dedeuction and in which section?
Vikash Mangal
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ABOUT TDS
Replies (3)
Tax is not deductible because it does not attract any section
Eg. It cannot attract sec.192, because there is no employer-employee relationship
Vikash,
It has been held in the case of Sudhir Kumar Sharma vs ITO [1983] 15 Taxmann 100 that stipend income is not taxable. Hence no TDS is required to be deducted.
No TDS is Deducted.as Not Specified Any Where in IT Act.........
and One Case of Sudhir Kuma Sharma I M Attaching Here.In That Stipend is Exempt Too......U/S 10 (16) in Year 1983.But It Withdrawn ( Not Sure Known The Year in That Exemption Withdrawn.)
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