Hello Everyone,
what is tax treatment of STIPEND received????
if it is taxable than which head...??
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Stipend
Replies (2)
| Originally posted by :PiyushAgrawal | ||
| " | Hello Everyone, what is tax treatment of STIPEND received???? if it is taxable than which head...?? |
" |
it is exempted under section10(16)
Stipend is exempt from tax. It is an amount given as scholarship to the apprentice to meet for his educational and other incidental expenses.
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