OF COURSE STIPEND IS TAXABLE

BUT NOT UNDER HEAD "SALARY"

UNDER HEAD "INCOME FROM OTHER SOURCES" U/S 56 ...

THANX

if u have any query about taxation

contact me any time from any where

Regards ,

Aniruddha Suresh Rathi

+91 9423575556

contact (call / sms / mail) me any time,,, any where

email id's

aniruddha.rathi @ gmail.com
aniruddha.rathi @ rediffmail.com
aniruddha.rathi @ hotmail.com

cacaca333 @ gmail.com

also visit my blogs at

https://aniruddharathi.bravehost.com/about_me.html

https://caaniruddharathi.blogspot.com/

and

https://aniruddharathi.blogspot.com/

For attracting taxability , there require the relationship of employer and employee . There is no relationship between principal chartered accountant and atricled clerck as employer and employee or master or servant.

Hence , the stipend earned cannot be  charged to tax under the head salary..

I'm doing CA Final. i would like to go 4 Industrial Trainning from sept 2010.

But My Principal Never Allow Seems. what willi i do? pls advise me

no it is income under the head other sources with 100%  CORRECT ANSWER