2 LAKHS PER MONTH GIVEN BY GOVT OF INDIA ON ACCOUNT Overseas Postdoctoral Fellowship Scheme. Is this amount taxable in hand of receiver. If it is Tax free under which section of Income Tax act.
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Overseas postdoctoral fellowship scheme amount is taxable by govt of india
Replies (1)
No. Its fellowship or stipend paid for the research work... exempt u/s. 10(16) of IT act.
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