I have earned stipend income of Rs 240,000 during PY 2018-19. Also, might have some bank interest of around 11,000.
Am I supposed to file return?
Depends upon nature of stipend earned, but in general.... YES.
Anurag Jain (11 Points)
17 June 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 June 2019
Depends upon nature of stipend earned, but in general.... YES.
Anurag Jain
(11 Points)
Replied 17 June 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 June 2019
Any stipend received by an Article Clerk from a Chartered Accountant is exempt u/s. 10(16) of IT act; so report it in 'Schedule EI'
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 June 2019
Its always advisable to file ITR whenever aggregate income exceed BEL, be it taxable or not. Because of digital revolution, non-filers notices are abundant.
RAJA P M
("Do the Right Thing...!!!")
(127140 Points)
Replied 17 June 2019
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
