please tell under which head stipend
received by a ca article will be taxable for AY 2018-19.
11 Replies
CA Priyank Ajmera
(Chartered Accountant Company Secretary )
(67 Points)
Replied 07 April 2018
If you are issued form 16 this shall be taxed under the head Salaries otherwise this is usually taxed under the head Income from Other Sources.
Divakar
(Student CA Final )
(11857 Points)
Replied 07 April 2018
Stipend income is exempted income.. Plz refer section 10(16) i think
Rahul Prajapati
(Student)
(2282 Points)
Replied 07 April 2018
The Income Tax Act has further laid down that ‘scholarship granted to meet the cost of education’is exempt from Income Tax under the section 10(16).
Now the question arises should we consider Stipend as ‘Salary’ or as ‘Scholarship’.
Refer Below Link
Divakar
(Student CA Final )
(11857 Points)
Replied 07 April 2018
Obviously scholarships... As medical students or engineering students get more stipend than a ca students... 1500 me bacche ki jan loge av kya😂😂😂
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 07 April 2018
STIPEND UNDER OTHER SOURCE
STIPEND TOH EXEMPT HI KAR DENI CHAHIYE 
YEH TOH WAHI BAAT HO GAYI
Nanga nahayega kya nichodega kya
Divakar
(Student CA Final )
(11857 Points)
Replied 07 April 2018
Only BIG 4 walo ke liye taxable hai😂😂😂unhe salary milti hai
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 07 April 2018
HMARI PARI ARTICLESHIP TRAINING KI BHI TOTAL KARKE TAXABLE NAI HO RAHI H 
Divakar
(Student CA Final )
(11857 Points)
Replied 07 April 2018
Aur in queriest ka ek sal ka hi taxable ho gya.... Mera to pure training ka ek lakh nahi gya
Recent Topics
- MUMBAI BASED COMPANY FOR SALE
- Asset retirement obligation
- Relocating to Dubai for Forex Trading: Legal Fund
- COMPANY FOR SALE CHENNAI BASED IT
- Income tax calculation formula in Excel for FY 202
- Credit Note On GST
- GST Invoices - No Action - IMS
- Clarity on 26QB filing in case of minor being the
- Old Regime and New Regime
- TDS deduction on lease internet charges
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
