GST Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

saranraj (CA FINAL)     29 September 2016

Tds on stipend

We have recruited few candidates on 8 months internship contract post which they will be taken on roll. During these 8 months of internship, they are paid INR 25,000/head per month. Do we have to deduct tax on this monthly stipend? If yes, please reply with the relevant sections/case laws.


 1 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (KVO Merau Kutchh)     29 September 2016

Stipend paid here is of SALARY nature and hence TDS u/s. 192 shall be applicable.

As the total amount will not exceed basic exemption limit, so TDS liability will not arise for the said 8 months, or for the current year.

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »





Subscribe to the latest topics :
Search Forum:

Trending Tags