CAN ARTICLE FILE HIS RETURN OF INCOME DURING THE ARTICLESHIP?????/
Can article file his return of income during the articleship
Pavan Bhambhani (As an Article) (27 Points)
07 April 2012
Pavan Bhambhani (As an Article) (27 Points)
07 April 2012CAN ARTICLE FILE HIS RETURN OF INCOME DURING THE ARTICLESHIP?????/
CA Rakesh Goenka
(CA & CS)
(872 Points)
Replied 07 April 2012
yes they can file their return of income
KURIAN XAVIER
(Freshly Qualified)
(222 Points)
Replied 07 April 2012
Yes We can.And I think it fall under salary.
But any Article Have taxale Income?
Amit Kumar Verma
(CA Final CS Professional)
(501 Points)
Replied 07 April 2012
But Please anyone tell that whether Stipend of an Article is an exempt income or if there is any deduction allowed for this one.. :)
CA Rakesh Goenka
(CA & CS)
(872 Points)
Replied 07 April 2012
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...
Ninad Pandit
(CA Final Student)
(254 Points)
Replied 07 April 2012
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.
Amit Kumar Verma
(CA Final CS Professional)
(501 Points)
Replied 08 April 2012
Thanks for the info Ninad..
Kamlesh
(-)
(23 Points)
Replied 18 April 2012
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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