TAX RELATED

This query is : Resolved 

03 June 2010 WHETHER STIFEND RECEIVED IN ARTICLESHIP IS TAXABLE INCOME UNDER OTHER SOURCE OR EXEMPTED INCOME UNDER SECTION 10(16) AS A SCHOLARSHIP ?

PLEASE REPLY URGENTLY.....................

PLEASE SPECIFY RELATED CASE LAWS ALSO..................



THANK YOU ALL IN ADVANCED.....................



03 June 2010 Its taxable under Income from other source...lets have other experts view too

03 June 2010 THANKS MAM


BUT I THINK OTHER WAY AROUND........













03 June 2010 other way round means....u r confusing it with scholarship....but I am very clear its not scholarship.
Yes...You can take it as salary only....

03 June 2010 Sudhir Kumar Sharma Vs. ITO.


Exempted U/s 10(16).

Give me your email id i will mail you case law.

03 June 2010
Exempted U/s 10(16)

04 June 2010 Please read the case law....its specifically related to stipend during CA article ship.
http://www.lawyersclubindia.com/forum/files/25_25_ca_articleship_stipend_10_16_exemption_case_law_1_.pdf



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