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Heads of income

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Student
78 Points Posted on 30 November 2014
The stiphend received by article from his principle during his articleship is income from which category? salary, profits and gains of business\profession or from other sources?
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On 30 November 2014 at 18:03 Report
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Partner
151 Points Posted on 03 December 2014

Can be shown as salary or other income

As you wish...

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On 03 December 2014 at 12:13
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CA in practice
72 Points Posted on 06 December 2014

It can be shown as salary or Income from other sources

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On 06 December 2014 at 14:35
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Student
78 Points Posted on 06 December 2014
what is the treatement for taxability of such income? under which section is it exempt?
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On 06 December 2014 at 22:06


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