Taxability of Amt Paid to CA-Industrial Trainee

1064 views 4 replies

How is Amount Paid to a CA-Industrial Trainee during Industrial Training is taxable under Income Tax Act,1961?Whether any TDS deducted under Professional fees is justified?please reply along with source if any..

Replies (4)

In my opinion you should first take into consideration that what is the nature of relationship , is there a complete employer and employee relationship then it should be taxable u/h salary otherwise it will be taxable under head income from other sources .

why not try to claim exemption u/s 10(16) as scholarship. there are many case laws in this you can search it.

here no exemption will be allowed for scholarship as amount received from industrial training is not scholarship.In my view it should be treated as stipend and stipnd is fully exempt from income tax.

here no exemption will be allowed for scholarship as amount received from industrial training is not scholarship.In my view it should be treated as stipend and stipnd is fully exempt from income tax.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details