Please Help: Is stipend Taxable???
Posted Date : 01-May-2012 , 09:08:22 am | Posted By: Himanshu Mittal
Category :
Income Tax | Answers :
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Comments :
6| Hits: 1215
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Stipend received by cwa trainees during their industrial training in company is taxable????? |
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Answers:
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 Answer by: CA Richa Gupta |
| it will be taxable if it exceeds the maximum exemption limit.
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| Answer by: Rishabh Upadhyay |
| Yes, it is a taxable recipt
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| Answer by: CA. SURESH Kr. AGARWAL |
| Stipend is also taxable as Salary.
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| Comments |
| Posted By : Himanshu Mittal |
02-May-2012, 09:13:35 |
| Dear Gaurav , as trainee rec stipend then i think there is no relation of employer or employee,thats the basic requirement for charging in salary head |
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| Posted By : Himanshu Mittal |
02-May-2012, 09:11:47 |
| if ca trainee recves stipend that is exempt u/s 10(16).
Then its also a stipend |
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| Posted By : Gaurav Mittal |
01-May-2012, 07:08:49 |
| Yes dear Himanshu, its taxable.......as per salary definition it is taxable under Salary head. |
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| Posted By : Himanshu Mittal |
01-May-2012, 03:51:31 |
| It does not covered u/s 10(16) Of IT Act?? |
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| Posted By : Ankit Jain |
01-May-2012, 12:19:34 |
| Yes Stipend is Taxable |
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