profession tax on stipend
This query is : Resolved
17 November 2010
Is profession tax to be deducted on stipend. If no where in the act has it been provided plz help me its urgent.....
18 November 2010
Hi
In this reference, go to the following link:
http://taxguru.in/income-tax-case-laws/scholarship-stipend-received-by-a-student-for-pursuing-higher-studies-cannot-be-treated-as-salary.html
In this reference, go to the following link:
http://taxguru.in/income-tax-case-laws/scholarship-stipend-received-by-a-student-for-pursuing-higher-studies-cannot-be-treated-as-salary.html
18 November 2010
Yes undoubtedly stipend paid to you falls within the ambit of the term'Professional Fees'and so professional tax will be deducted from it......
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