Can stypend received by the doctors is income or not?

Dushyant Joshi (Income-tax)     21 January 2015

Dushyant Joshi
 29 points

| My Other Post

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  


raj kamal singh (Auditor)     21 January 2015

raj kamal singh
 24 likes  528 points

View Profile | My Other Post

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


Raj C Doshi (Practising CA)     22 January 2015

Raj C Doshi
Practising CA 
 158 likes  2288 points

View Profile | My Other Post

Stipend is exempt u/s 10(16).

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »