Menu
StIpend to Medical interns
My daughter is currently doing compulsory internship after completing MBBS. She is getting 7000 per month as stipend. Please let me know whether it is exempted and if not under what head should I show income. She is incurring expenses for residence and food and conveyance since she is away in hostel. Can we claim deduction for such expenses
Replies (2)
If she has not other income, then it won't effect whether it is taxable or exempt. Income of women individual is exempt to the tune of Rs.190000/- per annum. which break down to atleast 15500/- p m.
Moreover any such stipend received during compulsory intership is exempt u/s 10(16) of the Income tax Act, 1961 read as :
" Sec.10 (16) scholarships granted to meet the cost of education ; "
agrred with ashish
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
