Taxability of stipend received
Rijo John (audit manager) (447 Points)
24 August 2019
Stipend received by a doctor in connection with his higher studies is taxable or not
7 Replies
Rijo John
(audit manager)
(447 Points)
Replied 24 August 2019
How it disclose in itr - salary income or other income
Based on my knowledge stipend not include in salary head
Based on my knowledge stipend not include in salary head
Kapadia Pravin
(17259 Points)
Replied 24 August 2019
Stipend is normally at par with Salary for doctors. Is there ant TDS deducted ? if yes then under which section TDS deducted. You can show it as other income.
Rijo John
(audit manager)
(447 Points)
Replied 24 August 2019
No TDS deducted
Stipend received Rs 50000 per month
Stipend received Rs 50000 per month
Kapadia Pravin
(17259 Points)
Replied 24 August 2019
You may show it as other income. Pay taxes afap and file return.
you may show under salary head where you can get 40000 standard deduction.
it is surprising how there is no TDS ?
you may show under salary head where you can get 40000 standard deduction.
it is surprising how there is no TDS ?
SHIRISH S S
(Proprietor)
(1030 Points)
Replied 24 August 2019
Since your Stipend goes above taxable income you should file ITR-1 and show stipend under exempt income under 10(16) -Stipend/Scholarship received during Higher studies. other income may/may not be zero.
Sheetal Devaki
(68 Points)
Replied 24 August 2019
To be taxed under salary, there must be employer and employee relationship must be there. Stipend might be taxed under the head other income.
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