Hey evry1
i have a query
if we get stipend more than the basic exemtion limit to the concerned individual, should we pay tax on the amount.
as u no sum of big4 provide stiend more than 10000 monthly.which crosses 120000 which however not cross the exemtion limit in A.Y 2009-10 but consider A.Y 2008-09 for that case
n if we have to pay, institute gave the stipend should be paid as per population of cities,,,,,isnt dat rule be voilated in that case?
waiting!!!!!!1