Tds on stipend
saranraj (CA FINAL) (419 Points)
29 September 2016saranraj (CA FINAL) (419 Points)
29 September 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 29 September 2016
Stipend paid here is of SALARY nature and hence TDS u/s. 192 shall be applicable.
As the total amount will not exceed basic exemption limit, so TDS liability will not arise for the said 8 months, or for the current year.