tax on scholarship

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Amit Vashisht (Querist)
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13 July 2009 A sum of amt is received to sportmen from Delhi Government as a scholar ship

Are this income is taxable or exempt in income tax Act

If taxable under which section And which head of income

And If exempt uder which Section

waiting for reply

thank you

Have a nice day

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 July 2009 Scholarship amount received to meet cost of education is exempt u/s 10(16) of the Income tax act,1961. If it is not to meet cost of education scholarship is taxable under the head 'Income from other sources'.