had a query with regards to taxablity of stiphend income. The assessee is pursuing Phd. & is in receipt of stiphend income from the govt. Will it be taxable???
CA Srikanth Yadav
(Chartered Accountant)
(3162 Points)
Replied 09 March 2015
If the stipend is paid for meeting the cost of books, coaching fees, examination fees, etc, than it will be exempted u/s 10(16).
MAHESH
(Tax Consultant)
(114 Points)
Replied 11 March 2015
Dear Priyanka,
stipend is not taxable and follow the link to will get the required.
/forum/is-stipend-under-salary-90486.asp
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 16 March 2015
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