1 yr Fellowship after DNB/MD - getting stipend..is it taxable?

[Kedar Hibare]

Dear Sir/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 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 ₹ 97000 after my DNB training: I work as a resident/student now

is it taxable? What should I tell my CA? under what clause? please clarify

 

Warm Regards

Dr KRH

 

AI Summary

Confusion Over Taxability of Fellowship Stipend: Is Clause 10(16) of the Income Tax Act Applicable? An individual completed DNB training, during which their stipend was non-taxable. After working as a consultant and paying taxes, they joined a one-year fellowship program with a monthly stipend of 97,000. There is confusion about whether this stipend is taxable, as opinions from various chartered accountants differ. Some reference clause 10(16) of the Income Tax Act and a Karnataka High Court judgment. The individual seeks clarity on the taxability of the stipend and guidance on what to communicate to their chartered accountant regarding applicable tax clauses.