Should tax be paid on ...............???

CA Trinath Galla (student) (3130 Points)

16 December 2008  

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