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Can article file his return of income during the articleship

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CAN ARTICLE FILE HIS RETURN OF INCOME DURING THE ARTICLESHIP?????/

Replies (10)

yes they  can file their return of income 

Yes We can.And I think it fall under salary.

But any Article Have taxale Income?

But Please anyone tell that whether Stipend of an Article is an exempt income or if there is any deduction allowed for this one.. :)

NO stipend  is  not  an exempted  income.... and    no u wont get any kind of excemption  ok...

  and  your Principal show  that  stipend as   firm  expenses ok...

Dear Mr. Rakesh,

Stipend is exempt u/s 10(16). To support my arguement, I am herewith attaching the relevant case law. Kindly have a look at it.

 

Thanks Ninad for the info

Thanks for the info Ninad..

The entire pleasure is mine....smiley

An eye opener ... 

I agree with Mr. Ninad Pandit..... Stipend of an Artilced & Audit Assistant is exempt u/s 10(16) of the Income Tax Act, 1961 as it is considered as scholarship granted for meeting the cost of education & not compensation for rendering any service.


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