https://www.taxtmi.com/article/detailed?id=5127 Payments described as scholarship, stipend, grant-in-aid or subsidy that are made to meet education, training or experience costs are characterised as capital receipt. Such receipts reduce the capitalised cost of acquiring human capital and are not income in the nature of profit or gain. Stipends during internships, house jobs or professional training, given their purpose and modest quantum relative to remuneration, are functionally scholarship-like and fall within the scholarship exemption framework. en-us Sat, 11 May 2013 20:08:16 +0530 Sat, 11 May 2013 20:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5127 Payments described as scholarship, stipend, grant-in-aid or subsidy that are made to meet education, training or experience costs are characterised as capital receipt. Such receipts reduce the capitalised cost of acquiring human capital and are not income in the nature of profit or gain. Stipends during internships, house jobs or professional training, given their purpose and modest quantum relative to remuneration, are functionally scholarship-like and fall within the scholarship exemption framework. Articles Income Tax Sat, 11 May 2013 20:08:16 +0530 https://www.taxtmi.com/article/detailed?id=5127