Taxability of stipend ????

This query is : Resolved

neeraj (Querist)
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16 June 2010 I m confused whether the stipend recd. during articleship is taxable or not ?????

https://www.caclubindia.com/experts/taxability-of-stipend-received-during-articleship-326975.asp - "It CLARIFIES THAT IT IS NOT TAXABLE......."

Whereas

https://www.caclubindia.com/experts/taxability-of-stipend-401315.asp - "IT SAYS THAT IT IS TAXABLE UNDER IOS....."

Plz help........ :-(

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 June 2010 the post in experts read as

"If the Stipend granted is for furthering education or gaining knowledge , same can be claimed exempt u/s 10[16] of the Income tax Act, 1961." which is not the fact which is discussed in the forum and hence the same is taxable.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 June 2010 It has also been discussed here
https://www.caclubindia.com/forum/stipend-81580.asp

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