Sty fund to an article

This query is : Resolved 

22 April 2008 Is stipend received from a ca firm by an article is exempt or not

22 April 2008 Its not exempt but because of small amount it is not coming in tax slabs.
however if someone has other taxable income, then obviously it is taxable.



23 April 2008 Good question. the stifund amount is small and will not come into the parview of taxable limits. If it to be added to another incomes it should be shown as income from other sources.

23 April 2008 It is taxable and Insti. clearly stated the case.



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