LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Taxability of stipend received

Rijo John (audit manager) (445 Points)

24 August 2019

Stipend received by a doctor in connection with his higher studies is taxable or not

Reply
Follow
Share

7 Replies

Kapadia Pravin (17249 Points)
Replied 24 August 2019

it's taxably

1 Like

Rijo John (audit manager) (445 Points)
Replied 24 August 2019

How it disclose in itr - salary income or other income

Based on my knowledge stipend not include in salary head

1 Like

Kapadia Pravin (17249 Points)
Replied 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.

1 Like

Rijo John (audit manager) (445 Points)
Replied 24 August 2019

No TDS deducted

Stipend received Rs 50000 per month

1 Like

Kapadia Pravin (17249 Points)
Replied 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 ?

1 Like

SHIRISH S S (Proprietor) (1016 Points)
Replied 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.

1 Like