Taxability of stiphend income?
This query is : Open
09 March 2015
The assessee is pursuing Phd. in pharmacy & is in receipt of stiphend income from the Government. Will the stiphend income be taxable???
10 March 2015
It may be taxable under the head "Salary"
11 March 2015
Sir but in Salary definition no mention is made about stiphend. there is also a lack of employer employee relation.
11 March 2015
Dear Priyanka, You are correct. There is lack of clarity in such cases. So the final answer will depend on actual facts such as amount, treatment of the same in books of payer etc. However, normally medical students may earn stipend as they pursue a higher degree at a hospital and such work may be similar in nature to that of a salaried employee.
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11 March 2015
Sir, the assessee i am talking about is a Research student pursuing phd. from an authorised Medical research college. The relation held there is that of a guide & a student. In that case can i take the stand that it is in nature of scholarship?
11 March 2015
Sir, the assessee i am talking about is a Research student pursuing phd. from an authorised Medical research college. The relation held there is that of a guide & a student. In that case can i take the stand that it is in nature of scholarship?
11 March 2015
Sir, the assessee i am talking about is a Research student pursuing phd. from an authorised Medical research college. The relation held there is that of a guide & a student. In that case can i take the stand that it is in nature of scholarship?
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