STIPENED UNDER WHICH HEAD

HELLO FRENZ...

I WANT TO KNOW UNDER WHICH HEAD STIPENED RECD. FROM PRINCIPAL SHOWN IN COMPUTATION.

HOWEVER, MY PERSONAL THINKING IS THAT IT SHLD SHOWN UNDER THE HEAD IFOS.

 

 

 

Replies (11)

salary

But how it will come under the head  SALARY, as teher is no relation of Employer and Employee....

Originally posted by :SONUJRT
" But how it will come under the head  SALARY, as teher is no relation of Employer and Employee.... "

no it will b shown under the head ifos as i thinks fit,bcoz there is no employer-employee relationship,have u read any announcement regarding it?
 

everything depends upon the control

whether principal can control the actions of yours or not? i mean are u bound to follow the instruction.

if yes it will come under the head salary otherwise under other source.

thats what i think, pls correct me if i m wrong :)

HI FRIEND IFU THINK & CHECH IN THE REAL INDUSTRY THEREAREMANYB PERSONS WHO WORKED IN INDUSTRY AS INDUSTRIAL TRAINEE AND THEIR INCOME TAXABLE UNDER  SALARY HEAD  IF WE ARE UNDER  INDUSTRIAL TRAINEE THEN WE RECIVED MONEY ON NAMEOF STIPEND WHICH WILL CONSIDER TAXABLE UNDER HEAD SALARY SAME AS IF WE ARE UNDER TRAINEE IN CA FIRM OUR STIPENDSHOULD TAXABLE UNDER HEAD SALARY 

HI FRIEND IF U THINK & CHECH IN THE REAL INDUSTRY THERE ARE MANY PERSONS WHO WORKED IN INDUSTRY AS INDUSTRIAL TRAINEE AND THEIR INCOME TAXABLE UNDER  SALARY HEAD  IF WE ARE UNDER  INDUSTRIAL TRAINEE THEN WE RECIVED MONEY ON NAME OF STIPEND WHICH WILL CONSIDER TAXABLE UNDER HEAD SALARY SAME AS IF WE ARE UNDER TRAINEE IN CA FIRM OUR STIPEND SHOULD TAXABLE UNDER HEAD SALARY 

 

Originally posted by :mahalaxmi g.
" salary "


 

Stipend is shown under the IFOS as there is no Employer -Employee relationship

As there is no employer & employee relationship,it should be shown under IFOS

right it will be under IUOS

it will be included in IFOS head

It can't be under Salary as there is no relationship of employer and emplyee rather the relation is of Principal and student .Hence it will not be covered under Salary and will be chargeable under Income from other sources.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details