About senior fellewship

This query is : Resolved

manish sharma (Querist)
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21 July 2014 Dear Sir,,
If Any person is Awarded as Senior Fellow in Ministry Of Human Resources and Receiving Fellowship Amount Of 480000/- P.a.
Is all this income Taxable to that person or it is Exempt??
Please Tell, It's Urgent..
And Refer Section To????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 taxable as income from other sources...................

manish sharma

manish sharma (Querist)
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21 July 2014 Sir,
Please Refer Section Of the Same..

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 u can refer sinhgania its income from other sources u/s 56.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 July 2014 please check for the rules for the specific fellowship. Normally such fellowships given by HRD are exempted under 10(16)

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 July 2014 please check for the rules for the specific fellowship. Normally such fellowships given by HRD are exempted under 10(16)

manish sharma

manish sharma (Querist)
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24 July 2014 Is It fully Exempt?? Or some Part Of it's Exempt??
Pls Tell me Sir....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 July 2014 Dear Manish,

You need to refer to the terms and conditions of the fellowship.

Most of the fellowships offered by HRD are fully tax exempted.

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