taxability of scholorship
mohammad (article assistant) (140 Points)
19 May 2019whether this income credited in his bank account is taxable or exempt. provide section reference if any
mohammad (article assistant) (140 Points)
19 May 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 19 May 2019
Scholarship will be exempted, but winning from competition would be taxed and TDS must have been deducted for that tax.
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