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Is stipend recd during dnb course is taxable
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Replies (2)
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.
Right Saurabh Kumar...
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