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Stipend

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27 January 2009 Whether stipend recd. as article assistant is taxable?
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
27 January 2009 kindly let me to know the limit, if it is exceed spec ified limit it is taxable.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
27 January 2009 Stipend received by an articled assistant is tax free. Citation- Sudhirkumar Sharma Vs.ITO(1983)17 TTJ(Jp-Tri)228.
(As answered by CA Chakrapani Warrier Sir earlier)
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