Stipend to CA students

Depends on what you get in stipend

According to me,
To make stipend taxable we shall go in only one section and that is section 15, and make it chargeable to tax under head of Salary Income
But if we see the sec.15, there is said that there must be an employer-employee relationship to make income chargeable under this head
And we all CA Students know that we do not have master-servant or employee-er relation with our principal
So it is NOT TAXABLE UNDER HEAD SALARY

But under section 10(16) of law there is one clause which exampts the said Income

So according to me
STIPEND INCOME GIVEN TO CA STUDENTS IS "NOT TAXABLE"

HOWEVER, we may show the same in IFOS then claim Exemption u/s 10(16)

GOOD LUCK.

@ Nidhi

Show stipend income under income from other sources .

@ Ashay

Section 10(16) is for scholarships and awards.
And not related to Stipend.

@ pravin

I am not denying that its not for Scholarship, but here we are sticking to one word scholarship
However it is written that,
SCHOLARSHIP GRANTED TO MEET THE COST OF EDUCATION, BOOKS,...etc is exempt u/s10(16).
So when we say that article joins a CA Firm,
Can i know why (s)he joins the firm?
To LEARN, GET EDUCATION, FOR PRACTICAL KNOWLEDGE and the concepts involved in the carrier that they(articles) are pining for.
Hence from the same we can say that the said income in the form of stipend can be said as the income provided to students for learning these concepts etc

Please do reply for any further questions so that I can get some extra knowledge

Thank You
Good Luck

@ Ashay
I appreciate your views.

But I humbly differ from your interpretation of Stipend vis-a-vis Scholarship.

In my view both are different and by no stretch one can bring stipend under 10(16) as scholarships.
Regards.

Stipend is not taxable because there is no employer and employee relationship and no contract of service, it is training.