scholarship-taxation?
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2010
a student getting scholarship and he is goin to kenya.. he is thinking of saving some money of scholarship and giving it to his mother who living in india..whether the saving wil be taxable which he giving to his mother? mother is dependent...
28 June 2010
No neither scholarship nor any savings from scholarship is taxable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
thanks a lot. bt i need to clarify 1 thing.. as per sec.10(16), if scholarship money is used for meeting the cost of education it is exemp. bt if used for some other purpose then it wil be taxable under income from other sources.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
