Tax on Stipend recd as industrial Trainee

hi,

Stipend received by an industrial trainee is completely exempt.

Regards,

Mohit Sharma

NTPC LTD.(Industrial Trainee)

Please provide any case law or section under which it is exempt.

Thanxs

Dear Khusboo,

PFA

IT IS TAX EXEMPT U/S 10(16) OF THE IT ACT, 1961.

Thanks Mr Amir for the attachment

whether it is taxable even If same stipend is received after completing CA course for balance articleship ??

Dear Balakrishna,

I also doubt that the case will hold good in the remaining period of articleship after qualifying exams.........