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Taxability of stipend received

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audit manager
459 Points Posted on 24 August 2019
Stipend received by a doctor in connection with his higher studies is taxable or not
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On 24 August 2019 at 15:16 Report
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17264 Points Posted on 24 August 2019
it's taxably
101 Reply
On 24 August 2019 at 15:27
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audit manager
459 Points Posted on 24 August 2019
How it disclose in itr - salary income or other income

Based on my knowledge stipend not include in salary head
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On 24 August 2019 at 16:45
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17264 Points Posted on 24 August 2019
Stipend is normally at par with Salary for doctors. Is there ant TDS deducted ? if yes then under which section TDS deducted. You can show it as other income.
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On 24 August 2019 at 17:01
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audit manager
459 Points Posted on 24 August 2019
No TDS deducted

Stipend received Rs 50000 per month
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On 24 August 2019 at 17:04
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17264 Points Posted on 24 August 2019
You may show it as other income. Pay taxes afap and file return.
you may show under salary head where you can get 40000 standard deduction.
it is surprising how there is no TDS ?
101 Reply
On 24 August 2019 at 17:23
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Proprietor
1083 Points Posted on 24 August 2019

Since your Stipend goes above taxable income you should file ITR-1  and show stipend under  exempt income  under 10(16) -Stipend/Scholarship received during Higher studies. other income may/may not  be zero.  

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On 24 August 2019 at 18:55
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68 Points Posted on 24 August 2019
To be taxed under salary, there must be employer and employee relationship must be there. Stipend might be taxed under the head other income.
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On 24 August 2019 at 20:07


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