RegardinG Exemption
This query is : Resolved
07 May 2011
is Stipend received to Aricle (intenship) is Exempt under income tax act ??? if yes uder which section ? any case lawww if any ???
08 May 2011
There is no specific exemption as regards to stipend earned by the articles. So, in my opinion the stipend is taxable if the total income of the article exceeds the threshold or basic exemption limit.
09 May 2011
agreed with the expert
09 May 2011
ok, experts agreed with you but what about sec 10 (16) of IT ACT 1961. Can u please elobrate the same ?
13 May 2011
10(16) relates to the scholarship granted for meeting the cost of education. stipend doesnot fall under the category of scholarship.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- TDR receipts for agreement holder
- Sale of property furniture sale
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Company Incorporation - CA and directors signing from different states
- JOB WORK ITC 04
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
