My wife was doing her MD in Anatomy when she received stipend in April, May and June 2016 as part of her PG course. She completed the PG course in July and then got a job in August. She has received a salary from August 2016 to March 2017. Can she avail tax exemption for the stipend received in FY2016-17.RajivAccording to the provisions of Income Tax Act, 1961, any scholarships granted to meet the...
Read the rest of this article by Signing up for Portfolio.
It's completely free!
SIGN UP NOW
Investment alerts,End of day market reports, Market news analysis,External research reports and Technical calls
Daily update on Business and Market news via email
'Your Market Corner' Widget with personalized business and market news