ICICI

stipend given to be shown under which head


Mohammad Asad   13 August 2019

Mohammad Asad

 39 points

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stipend provided to trainees by company, so under which head it to be shown as expense. (salary or professional fees or other)

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M.M Sachora (Tax Professional & Advisor)     13 August 2019

M.M Sachora
Tax Professional & Advisor 
 115 likes  1405 points

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Salary because it's one type of Training Salary or you can use words as stipend insted of salary then also allow...

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Kapadia Pravin   13 August 2019

Kapadia Pravin

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show as professional fees as there is no employer employee relationship

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Padmahas Niwas (ca)     14 August 2019

Padmahas Niwas
ca 
 11 likes  251 points

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Income from other sources

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Ajit Hegde (CA - Final)     14 August 2019

Ajit Hegde
CA - Final 
 91 likes  1357 points

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Seperate head stipend should be used. In any other case you will have to deduct TDS.


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