I am filing tax using ITR-1
My income is from educational stipend (scholarship to meet the cost of education) and hence is not taxable.
Under which VI-A section of the form I should show deduction?
TIA
Ravi Malhotra (None) (38 Points)
27 July 2012I am filing tax using ITR-1
My income is from educational stipend (scholarship to meet the cost of education) and hence is not taxable.
Under which VI-A section of the form I should show deduction?
TIA
Yajendra Adhikari
(Chartered Accountant)
(334 Points)
Replied 27 July 2012
It is not deduction, it is exemption u/s 10. Exemption income is not shown in ITR.
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