Witryna25 wrz 2024 · The Trust is expected to collect stipend amount from the client and transfer the entire amount to the trainee – Does this stipend reimbursement attracts GST or not? ... except for Income Tax, if applicable. (d) The contract specifies that Workmen Compensation Policy shall be taken for all trainees and cost of the policy be … Witryna4 lut 2024 · The Tribunal in this case had held that the stipend received by an articled clerk from a Chartered Accountant was exempt under Section 10(16). The reason …
Stipend: Definition, Rules and Who Typically Receives It
Witryna11 lut 2024 · While a stipend isn't a salary, the Canadian government still considers it as taxable income. However, you can offset the amount of tax you have to pay by … Witryna5 paź 2024 · So far as Junior Doctors who are prosecuting Post Gradation Diploma/ Degree Courses are concerned, www.TheTaxTalk.com revised fixed monthly stipend payable was as per the following rate :-. First Year Degree/Diploma. Rs. 14,000/-. Second Year Degree/Diploma. Rs. 14,500/-. easy fmc tutorial
Reimbursement of stipend paid to trainees not attract GST
WitrynaIs Stipend Income Taxable in India? Credit Cards Compare Credit cards HDFC Credit Cards SBI Credit Cards Indusind Bank Credit cards Top 10 Credit Cards Home Loans Compare Home Loans Home Loan Calculator Home Loan Interest Rates Home Loan Eligibility Home Loan Transfer PMAY SBI Home Loan HDFC Home Loan Personal … Witryna26 kwi 2024 · Taxation of Stipend Income has been a matter of much debate.In the Income Tax Act from a purely factual standpoint, there is no mention of ‘stipend’. ‘Salary’ received by an ‘employee is taxable in the hands of the employee. Under Section 17 … Witryna3 mar 2024 · Apprentices are to be be paid stipend as decided by the Central Govt.in this regard from time to time. Please refer the notification pertaining to your apprentice … easy fmea example