Please Help: Stipend of medical student in pg course
Posted Date : 24-Jul-2012 , 09:11:53 pm | Posted By JITENDRA KUMAR AGARWAL
Medical student get stipend in PG Course.but medical college treat stipend as a salary and deduct TDS.I want to know that stipend in PG course will treat scholarship or salary because scholarship is tax free but salary is taxable if stipend is free please give relevant case law and IT section
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 1778
Answers
Answer By: Vikash Kumar Jha
Stipen is not tax free if stipen of medical student is crossing the exemption limt as per the limit which is prescribed by IT Act but one thing i would like to share with you that the stipen of CA Students will never be taxble to the extent of my knowlede.
Answer By: Vikash Kumar Jha
Mr. Jitentra, you all the medical guys are so lucky who are geting the stipen which are coming under the income tax bricket.
Comments
JITENDRA KUMAR AGARWAL
27-Jul-2012 , 10:50:31 pmTHANKS FOR YOUR ADVICE I THINK IF STIPEND OF MEDICAL STUDENT IS TAXABLE THEN STIPEND OF CA STUDENT IS ALSO TAXABLE