sir , plz suggest me
Is scholarship received from government taxable or not
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Is scholarship amount taxable?
Replies (3)
No govt receipts are not taxable
Under section 10(16)
Scholarships granted to meet the cost of education is exempt.
Scholarships granted to meet the cost of education is exempt.
1. Scholarship granted to meet the costs of education will be exempted from tax u/s 10(16).
2. It will not be taxable as it for the benefit of education and no point in taxing the same in the hands of the recipient. And it is provided by the government and hence the same cannot be taxed.
Please correct me if the above solution has an alternative view.
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