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Stipend Income

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(Querist)
14 May 2011 Is stipend income a business income ?
Taxable or not?
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CS ,CMA Shambhu Kr. jha

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CS ,CMA Shambhu Kr. jha (Expert)
14 May 2011
No Stipend income is not business income , in fact when you use word stipend is indicates that you are getting the cost for performing that training .
It is not taxable .

Thanks

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