What type of ITR to be used

C.A. Hardik Joshi (Manager) (111 Points)

22 February 2010

hello

i have one audit clerk. he has no any other income except stipend. so income received by him in form of stipend assessed under the head "salary" or "income from other exepenses" and why? what ITR is to be used?

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Amir (Learner) (4016 Points)
Replied 22 February 2010

Dear Hardik,

Articleship stipened has been held as exempt income u/s 10(16) by the Honbl. SC.

Amol Gopal Kabra (CA,CS,DISA) (Practicing CA) (8539 Points)
Replied 22 February 2010

Ya, articleship stipend is exempt. So, no need to file return of income only for that income.

C.Balaji (Learner) (1867 Points)
Replied 23 February 2010

agree with Dear Amir bhai..........

Dear Hardik...............

Articleship stipend - held as exempt income by the Honbl. SC.

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