Can stypend received by the doctors is income or not?


Dushyant Joshi (Income-tax)     21 January 2015

Dushyant Joshi
Income-tax 
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Doctors received a stypend amount around Rs.30,000/- per month. whether it is an income or not?, if it so than is it an exempt? please clarify  

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raj kamal singh (Auditor)     21 January 2015

raj kamal singh
Auditor 
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No,stipend is not taxable as there is no contract between employer and employee.held in few cases.in aiims,pg doctor gets more than ₹50,000.if there is no tds by employer,then how employee stipend is taxable?

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Raj C Doshi (Practising CA)     22 January 2015

Raj C Doshi
Practising CA 
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Stipend is exempt u/s 10(16).


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