Stipend allowed to medical student?

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Advocate
272 Points Posted on 05 June 2020
Stipend allowed to M.D. medical student is taxable or not? If taxable then in which head and How?
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On 05 June 2020 at 19:40 Report
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This discussion clarifies whether stipends received by medical students are subject to tax. While initially suggested as taxable under the 'Salary' head, it's confirmed that these stipends are generally exempt from tax under Section 10(16) of the relevant tax legislation, similar to scholarships.

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ggggggg
134 Points Posted on 05 June 2020
Taxable in Salary Head
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On 05 June 2020 at 20:53
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Advocate
272 Points Posted on 08 June 2020
But sir, it is stipend to student like scholership, then still it will be taxable?
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On 08 June 2020 at 13:00
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Accountant
87 Points Posted on 11 June 2020

it is exempted under section 10(16)

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On 11 June 2020 at 00:53

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