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CAN ARTICLE FILE HIS RETURN OF INCOME DURING THE ARTICLESHIP?????/
yes they can file their return of income
Yes We can.And I think it fall under salary.
But any Article Have taxale Income?
But Please anyone tell that whether Stipend of an Article is an exempt income or if there is any deduction allowed for this one.. :)
NO stipend is not an exempted income.... and no u wont get any kind of excemption ok...
and your Principal show that stipend as firm expenses ok...
Dear Mr. Rakesh,
Stipend is exempt u/s 10(16). To support my arguement, I am herewith attaching the relevant case law. Kindly have a look at it.
Thanks Ninad for the info
Thanks for the info Ninad..
The entire pleasure is mine....
An eye opener ...
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