taxability of stipend

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Roshni R Rao (Querist)
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20 July 2010 Is Stipend is taxable? If yes,is it covered by TDS Provisions?

This is in connection with the link given below.

https://www.caclubindia.com/forum/details.asp?mod_id=90486

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 July 2010 Stipend is taxable. Generally the big - 4 audit firms who pay stipend which exceeds the basic exemption limit deducts TDS u/s 192 like TDS on salary.
Replied there also and here also.

Roshni R Rao

Roshni R Rao (Querist)
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22 July 2010 So is stipend taxable under the head salary ? But is Principal- Article relationship same as Employer - Employee?

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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22 July 2010 No stipend is taxable under the head income from other sources but TDS is deducted as if it is salary.