Poonawalla fincorps
Poonawalla fincorps

Taxability of scholarship granted

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(Querist)
07 March 2017 Whether Scholarship Received from NASA for clearing any exam will be exempt from tax u/s 10(16) or not????
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Labhansh Financial

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Labhansh Financial (Expert)
08 March 2017 Yes it will be exempt.
for further clarity please read the judgement in Dr.Rahul Tugnait Vs. ITO (2009) 315 ITR 139 (Chd-Tri)

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