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Tds on stipend ???

TDS 1527 views 10 replies
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sies
54 Points Posted on 18 October 2014

need help ... Can TDS be deducted on stipend ???
The amount of stipend is 4000 and 10 % TDS is deducted 3600 is received by the articled assistant
The employer has deducted TDS without having any details like PAN No
What To do now ??????
what are the limits for deducting TDS ??

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On 18 October 2014 at 13:56 Report
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Believe!! Live your dreams!
33521 Points Posted on 18 October 2014

In your case no TDS on stipend is applicable.

303 Reply
On 18 October 2014 at 14:03
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CA Article
121 Points Posted on 18 October 2014
Every Employer who is paying salary to his employee which is more then maximum amount exempt from tax has to deduct TDS on such Salaries Under section 192 of the Income tax Act,1961. Hence, in your case no liability to TDS. You can ask for explanation for the same to your employer.
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On 18 October 2014 at 19:22
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Articled Assistant
61 Points Posted on 18 October 2014
1. stipend is not covered under salary definition in the Act. 2. stipend is exempt under sec 10(16) of the Act. 3. TDS provisions under sec 192 are also not applicable because here there is no employer and employee relationship exist. 4. Here there is principal and student relationship exist. Conclusion: Your principal cannot deduct Tax at source. Its wrong.
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On 18 October 2014 at 20:38
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Student CA Final
244 Points Posted on 19 October 2014
Agreed by Aditya ji...
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On 19 October 2014 at 00:17
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EE
21 Points Posted on 19 October 2014
I agreed with Aditya ji And you receive return income tax by filling income tax return
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On 19 October 2014 at 12:45
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CMA
34 Points Posted on 19 October 2014
Clear explanation by Aditya .
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On 19 October 2014 at 13:14
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s
33 Points Posted on 19 October 2014
Totally Fraud been committed.if not so then their basics too poor to...
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On 19 October 2014 at 21:54
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proprietor
22 Points Posted on 19 October 2014
I m with Aditya ji ' s reply.
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On 19 October 2014 at 22:57
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sies
54 Points Posted on 19 October 2014

thanx for your replies query solved

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On 19 October 2014 at 23:00
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Accounts Executive
325 Points Posted on 20 October 2014
Lol..how could he do this to u??..
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On 20 October 2014 at 09:43


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