The Income Tax Act has further laid down that ‘scholarship granted to meet the cost of education’is exempt from Income Tax under the section 10(16).
Now the question arises should we consider Stipend as ‘Salary’ or as ‘Scholarship’.
Refer Below Link
https://cleartax.in/s/are-stipends-taxable
STIPEND UNDER OTHER SOURCE
STIPEND TOH EXEMPT HI KAR DENI CHAHIYE
YEH TOH WAHI BAAT HO GAYI
Nanga nahayega kya nichodega kya
HMARI PARI ARTICLESHIP TRAINING KI BHI TOTAL KARKE TAXABLE NAI HO RAHI H
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