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Is stipend income exempt?

Page no : 2
saket kumar

saket kumar (business) (21 Points)
Replied 01 June 2014

If it is not clearly visible in law then we have to follow the latest order of court in respective case. So the stipend receive is not taxable till a fresh jujment is not given on it or amendment of law. But till we have to follow recent judjement of court.
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