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TMI BlogWhether Stipend paid to Post Graduate(MD) trainee is taxableX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether Stipend paid to Post Graduate(MD) trainee is taxable X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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 nature 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 S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ir/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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 this 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 97000 after my DNB training: I work as a resident/student now
is it taxable?
Warm Regards
Dr KRH X X X X Extracts X X X X X X X X Extracts X X X X
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