What is the tax treatment of stipend paid by a Pvt. Ltd. Company from the viewpoint of Company. For e.g-tds applicability, etc.
Please explain
3 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 06 May 2010
Stipend is considered as income.. So, normally, it should not be considered as salary, but income from sources other than salary. And so company shall issue From 16 A for the same
termpapers
(Manager)
(30 Points)
Replied 06 May 2010
What is the tax treatment of stipend paid by a Pvt. Ltd. Company from the viewpoint of Company. For e.g-tds applicability, etc.
Gaurav Kumar
(CA FINAL STUDENT)
(67 Points)
Replied 07 May 2010
as per the relevant section no TDS shall be applicable on the stipend received in the hands of the Article assistant or any other concern coz in almost every case total stipend is within the exemption limits for an individual coz i don't think any co. would be giving a stipend close to Rs. 15000/-
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