had a query with regards to taxablity of stiphend income. The assessee is pursuing Phd. & is in receipt of stiphend income from the govt. Will it be taxable???
had a query with regards to taxablity of stiphend income. The assessee is pursuing Phd. & is in receipt of stiphend income from the govt. Will it be taxable???
If the stipend is paid for meeting the cost of books, coaching fees, examination fees, etc, than it will be exempted u/s 10(16).
Dear Priyanka,
stipend is not taxable and follow the link to will get the required.
/forum/is-stipend-under-salary-90486.asp
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