stipend

No TDS is deuctible from stipend........

hi

Stipend is exempt us 10(16)   -  Sudhir Kumar Sharma vs. ITO (1983) 15 taxman 100 (Jp-Trib).

The Ruling was the stipend for article is only for meeting his cost of books, examination, coching.

So the stipend is not much higher, anyone can take benefit of above caselaw, but if stipend is higher normaly in metro cities than it is difficult to prove.

Go read the case law for more detail

Pradeep

Under which head stipend will be taxable?

In case of salary - there should be Employer - Employee Relationship..........

Suhas, in the chartered accountants act and in ur training guide, u will nowhere find an article being mentioned as an employee. It is relationship of principal-apprentice.............. Thus IF stipend is taxable then only under head Other sources...