Hi Friends,
one of my friend got stipend during his intership of rs 12600 (14000-1400) after deducting TDS u/s 194J.
Under which head this income should be shown in ITR.
Please advise
Menu
Tds deducted u/s 194j by an employer on stipend paid to him
Replies (4)
Profit and Gains from Business or Prfession in ITR 4.
Dear Usha
At first stipend is an exempt income . Secondly stipend is not a professional or technical service since stipend is an amount paid for taking the training and doing the work related to training ..
since the TDS is deducted ( wrongly ) , show it under IFOS ..
i agree with harshal....
The Income Should be grouped under Income from Other Sources
1. TDS u/s 194J is deducted only on Professional/ Technical Service.
2. Stipened Income in means amount received by a person during his Training.
Income Received during Training period doesnot qualify as Income of Professional / Technical Nature.
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
