Re : Stipend taxable or exempt

Page no : 5

C.Balaji (Learner) (1867 Points)
Replied 09 March 2010

Yes agree......Not taxable......

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P A N K A J (CA FINAL) (740 Points)
Replied 09 March 2010

no taxable under sec 10(16)..

Dr. Prabhat Chandra Mondal (PG Trainee) (21 Points)
Replied 07 January 2011

I don't know the laws. I am PG student. My Stipend is about 24 thousand per month. I get it not for my service but for my training. I have to give tution fee, Hostel fee. I have to buy my books, and ohers needed for my thesis. So, why everone can think this is taxable? Provided, My account should not be full of money. If I save money then i have to explain that. Our institutions in west Bengal do not claim tax return. My advice is that if you save money explain it by return.