Hello Everyone,
what is tax treatment of STIPEND received????
if it is taxable than which head...??
suneet
(CA FINAL)
(421 Points)
Replied 22 February 2009
| 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)
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 23 February 2009
Stipend is exempt from tax. It is an amount given as scholarship to the apprentice to meet for his educational and other incidental expenses.
CAclubindia
