while filing ITR - 2, if there is only stipend income of assessee, the same shall be shown as basic salary under salaried head and then shown as exemption under section 10. Is it the correct presentation?
To show the stipend under as basic salary first then put the entire amount as exemption u/s 10?
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ITR - 2 ROI of articles
Replies (1)
The stipend is either taxable as salary or fully exempt.
Declare it under Schedule EI directly, if it is exempt.
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