Legality for income

Yes, income shall also include income from all sources i.e. salary, agriculture, business, profession, etc. for the financial year prior to the year of application.

Thank you for your reply sir

fellowship/scholarship/stipend is exempted as income under IT act. Even it will be counted as total income?

 

For income tax purpose stipend is taxable but fellowship given for only higher educational purpose is exempt u/s. 16 of the act.

So fellowship will not be counted in total income. Hope I am correct sir?

The nomenclature is not important, but the reason for receiving the fellowship is most important to decide its taxability.