Stipend

This query is : Resolved 

16 January 2014 whether stipend taxable or not? pls reply

17 January 2014 Stipend is taxable income.

17 January 2014 When u receive stipend it clearly means your not an employee of the principal.. hence the question of employer employee does not arise.. It SURELY CAN NOT BE regarded as Salary... It is completely exempt under IT Act u/s 16... if reqd refer case law Ratnakar Rao (A) Vs. Additional Commissioner of Income-tax (1981) 128 ITR 0527.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries