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Taxability of stypend during higher education

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(Querist)
30 September 2012 MBBS passed Doctor receiving stipend from Govt.Medical College during undergoing Higher Education (MD)at same college. Whether it is taxable under Income Tax Act?
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Amol S Joglekar

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Amol S Joglekar (Expert)
30 September 2012 Yes. It is very much taxable.....subject to however the basic exemption limit.
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Pankaj Gupta

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Pankaj Gupta (Expert)
30 September 2012 I totally agree with the expert.
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