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Is stipend recd during dnb course is taxable

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N.G.Krishnan

PRACTICING CHARTERED ACCOUNTANT

32 Points Posted on 01 October 2016

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Replies (2)

saurabh kumar

Tax Consultant

348 Points Posted on 01 October 2016

No it is not taxable since any Schlorship for the purpose of Education is exempt u/s 10(16).The object of stipend should be to meet the cost of education.It does not matter that the whole amount is in excess of the actual expense even then the stipen will be treated as scholarship and will be exempt.