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mohammad (article assistant)     19 May 2019

taxability of scholorship

student is received scholership from his college around 50k and he has won 50k in competition during the year.
whether this income credited in his bank account is taxable or exempt. provide section reference if any

 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (KVO Merau Kutchh)     19 May 2019

Scholarship will be exempted, but winning from competition would be taxed and TDS must have been deducted for that tax. 

1 Like

mohammad (article assistant)     19 May 2019

thank you sir
1 Like

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