Menu
Stipend
is stipend receive by an article is taxable??
Replies (10)
No stipend receive by article is not taxable
what's the reason
Taxable as a salary income.
Principle and Article relationship is that of Employer and employee . Any sum received as a compensation for service rendered and where relationship of Employer and employee exist, then, compensation so received will be treated as a salary income.
thank you guys
It is exempt u/s 10(16)
There is no employer and employee relationship in case of article.... I think
I think . Article assistant does not fall under employer-employee relationship....
There is Principal and Student relationship between Article with principal. hence no salary is there.
can it taxable under the head other sources
No, It cannot be taxable.
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
