23 August 2008
Is Stipend eceived by Articles is a Taxable Income? If so the under what head? Principal and Articles Doesn't have a Employee - Employer Relationship!!!!!
1.My Principal Says Taxable under Salaries. 2.My Senior Who is also a chartered accountant says not taxable.. 3.My Cousin who is practising chartered accountant says it is taxable under income from other sources..
Many has agreed the 3rd option..
Can any body clarify this by justifying your answer with web links?
CAclubindia
