Taxability Of Stipend
This query is : Resolved
11 September 2008
author : Meenakshi
Posted On : 6/17/2008 8:12:33 AM
IS STIPEND RECEIVED BY THE ARTICLE CLERK EXENPT U/S10(16)?
Expert : pushpendra
Posted On : 6/17/2008 8:37:26 AM
No , it is taxable.
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:10 AM
Is it Taxable? can u clarify how it is Mr.Pushpendra?
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:40 AM
It is not taxable
Correct Answer: It is Certainly Taxable U/s Sec.17(1)
Posted On : 6/17/2008 8:12:33 AM
IS STIPEND RECEIVED BY THE ARTICLE CLERK EXENPT U/S10(16)?
Expert : pushpendra
Posted On : 6/17/2008 8:37:26 AM
No , it is taxable.
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:10 AM
Is it Taxable? can u clarify how it is Mr.Pushpendra?
Expert : Chezhiyan
Posted On : 6/18/2008 11:34:40 AM
It is not taxable
Correct Answer: It is Certainly Taxable U/s Sec.17(1)
11 September 2008
Stipned received by an article is taxable as per one of the journal of institute under the head salary.and Principal need to deduct TDS if this amount is crossing the maximum permissible exemtion limit according to article.
But can u clarify me, when there is no employer-employeee relationship, why it is taxable u/h salary????
But can u clarify me, when there is no employer-employeee relationship, why it is taxable u/h salary????
11 September 2008
In sudhir sen case decided by jaipur bench of tribunal, stipend received by articled clerk from principal is exempt from income tax
16 November 2008
CA Praveen Ji pl mail full citation at vibcondelhi@indiatimes.com
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