taxability of stipend
This query is : Resolved
09 January 2009
whether stipend is taxable or not if yes under which section
09 January 2009
yes stipend will taxable as a salary and employer would have to collect the TDS if stipend cross the minimum examption limit
09 January 2009
In my opinion, Stipend is not taxable in salary as there is no employer and employee relationship between the CA and the article clerk. It should be taxable under Income from Other Sources.
09 January 2009
Stipend received by an articled assistant is tax free. Citation- Sudhirkumar Sharma Vs.ITO(1983)17 TTJ(Jp-Tri)228.
09 January 2009
I'm Unable to find this Case Law ..
can Somebody Give the Web Link of this Case Law
can Somebody Give the Web Link of this Case Law
10 January 2009
Its exempt U/s. 10(16).
Mail me at manikanta_03@yahoo.co.in
I will forward that case law to you.
Mail me at manikanta_03@yahoo.co.in
I will forward that case law to you.
12 January 2009
Thanks to all for updation in this matter.
24 January 2009
WHETHER THE CASE IS RELEVENT TO CA STUDENT ONLY OR COVERS OTHER CASE ALSO SUCH AS A PG MEDICAL STUDENT RECEIVED STIPEND FROM HOSPITAL
11 October 2021
Yes, it is applicable to all the students pursuing higher studies, including PG medical studies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
