Our institute mentioned in the form of PCC and final that the stipend of CA student are exempt income. so it's not taxable in any section.
manish
(Article Assitant)
(358 Points)
Replied 26 February 2010
Our institute mentioned in the form of PCC and final that the stipend of CA student are exempt income. so it's not taxable in any section.
Ramya Kinthali
(Financial Consultant)
(108 Points)
Replied 27 February 2010
hhmm its clear tat stipend received by CA students is not income...
\wat abt stipend received by students who take spprentice shp in various companies and receive stipend, am talking abt BA ,B.TECH and other gradutae students who officially receive apprenticeship certificate from indutries under apprenticeship act.,...
i feel tat same logic should be applied and such stipend is exempt...
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
