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income as a stipend
My nephew is doing his M D in semi govt medical college and he gets stipend . so is this stipend income is taxable or exempt?
Replies (6)
Exempted Sec.10(16)
It depends. If the stipend is to compensate the educational expenses then it is exempt u/s 10(16). If the stipend is to gain the practical experience the it may be treated as salary and will be taxed.
How can I differentiate between Salary and stipend as he is doing his M D in the same college which is giving stipend . so acc. to me it is to compansate the further educational expenses. Am I right?
Kindly let me know whether they have deducted TDS.
Sir ,TDS not deducted
ok u can show it u/s 10(16)
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