Is Stipend to PG Medical Student taxable by income tax under Section 10(16)

[Prakash Patil]

Please suggest me 'Is Stipend to PG Medical Student taxable by income tax under Section 10(16) or it is non taxable amount'.

AI Summary

Postgraduate medical student stipends deemed taxable under Section 10(16) of Income Tax Act. A query was raised regarding whether a stipend given to postgraduate medical students is taxable under Section 10(16) of the Income Tax Act. Two responses were provided. The first response stated that the stipend is considered income. The second response agreed, affirming that the stipend is taxable under the income tax act.