CA Students

Stipend received from Principal is Taxable under the heads salary because relationship between principal  and trainee exist as empolyer and empolyee working on some condition.

thanks sudhir

Stipend is exempt from tax. Please see the search files section for the copy of the relevant case law.

YA-STIPEND IS EXEMPT -SEE RELEVANT CASE IN FILE SECTION POSTED BY CA-RAJEEV AGARWAL

thanks a lot.

Thanks

Thank you for all