Whether Stipend paid to Post Graduate(MD) trainee is taxable

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..... Hi all! I have just started training as an MD in IPGME R and SSKM Hospital,Kolkata. I will be paid a stipend of Rs 24741 in the 1st yr, abt Rs 25500 in the 2nd and abt Rs 28500 in the 3rd. I wanted to know whether I'll have to pay income tax for the stipendiary income. - Reply By Sunil Agarwal - The Reply = The stipend received by you is in the nature of scholarship. It is not in the natu .....

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..... re of salary and acordingly not taxable. This is supported by the decision of ITAT, CHandigarh in case of Dr. Rahul Tugnait (2009) 315 ITR 139 (AT). Sunil Agarwal - Reply By Kedar Hibare - The Reply = Dear Sir/Madam, I finished my DNB (Equivalent of MD) training during which I was getting stipend and it was non-taxable for 3 years I subsequently then joined as a consultant and worked for 3 .....

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..... years at NH Hospitals where I paid my taxes regularly Now I have joined a one year fellowship program in New Delhi and my stipend is 97000/- per month (TDS at source not deducted unlike when i was working it was done at source). I have been told by half of the Chartered accountants I know that its taxable while the other half tell me its not. Some others tell me its terms of engagement!!! in thi .....

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..... s forum and elsewhere also they have referred to clause 10(16) of IT act and also a Karnataka High court judgement Could someone guide me clearly: 1. Its a one year fellowship training program with a stipend of ₹ 97000 after my DNB training: I work as a resident/student now is it taxable? Warm Regards Dr KRH - Whether Stipend paid to Post Graduate(MD) trainee is taxable - Query Starte .....

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..... d By: - Dr Aveek Mukherjee Dated:- 1-6-2012 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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