01 February 2018
Hi I am doctor, I completed my post graduation course (MS) from Lady Harding Medical College New Delhi(2014-2017). I e-filled income tax return of assessment year 15-16,16-17 and 17-18. After suggestions from someone I filled tax exemption under sec 10(16) for 16-17 and 17-18 and received all reduced tax money(1.5l). Please tell me ,is it legal ? and what happens when something wrong. Plz help...
01 February 2018
Divergent views are there in the cited issue distinguishing ;stipend; and ;scholarship' If disputed by IT department later ,the course of action is, as you know-
1. Pay the tax with interest and get out of the issue or
2. Contest in appeal before higher authorities on the strength of court decisions.