Stipend Income-Taxability

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..... Stipend Income-Taxability
Query (Issue) Started By: - PANKAJ GROVER Dated:- 15-7-2011 Last Reply Date:- 16-7-2011 Income Tax
Got 2 Replies
Income Tax
Stipend received by a doctor from a h .....

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..... ospital of Rs 60000/- per month. The hospital has not deducted any TDS on the stipend paid of Rs 7,20,000/- for FY 2010-11. Whether the stipend taxable, under which head. And if Exempted then under wh .....

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..... ich section. With Warm Regards RAPG & Co. Chartered Accountants Reply By GOPALJI AGRAWAL: The Reply: It would be taxable. The head would be in accordance with the terms of engagement. Reply By m .....

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..... alhar shenoy: The Reply: Stipend received by a doctor will be taxable as Salary or as Professionals.and TDS needs to be deducted. However if the stipend is given for pursuing the further studies , a .....

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..... s paid for residend doctors doing post graduation , MD, MS etc one can treat it as scholorship grants for meeting cost of educations.Section 10(16). case can be relied on Sudhirkumar Vs ITO, where in .....

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..... stipend to CA student was held exempt.
Discussion Forum - Knowledge Sharing .....

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