Hi All,
Im currently doing my Masters in Engineering (M.Tech/M.E) and Ive joined a company as an intern to do a project which is partial requirement i have to fulfill to get the degree. The company is paying me stipend (as mentioned by them in the offer letter). They are treating my work under professional services and are deducting tax under section 194J.
I joined in January 2011 and Internship duration is for 5 months. I havent had any payment (in form of any scholarships) in the financial year 2010-2011
Do I come under the Proffessional services category? If I do come, is there any way I can get the refund of this amount?
Many Thanks,
gmakkena
CAclubindia
