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Taxable income

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(Querist)
08 March 2008 Hello experts,
Stipend received by articles is taxable income.
In my opinion it is taxable under head OTHER SOURCES, m i correct.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
08 March 2008 Yes.
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
08 March 2008 yes
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R.V.RAO

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R.V.RAO (Expert)
08 March 2008 STIPEND THOUGH TAXABLE A SINCOME FROM OTHER SOURCES,DEDUCTIONS UNDER SEC 57 ARE APPLICABLE -ANY EXP. EXPENDED WHOLLY AND EXCLUSIVELY FOR THE PURPOSE OF EARNING SUCH INCOME ( NOT IN NATURE OF CAPITAL EXP.).
R.V.RAO

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