https://www.taxtmi.com/article/detailed?id=5808 Stipends to articled clerks are regarded as capital receipts and scholarships rather than taxable income because they are paid to meet education and training costs (books, fees, coaching, living expenses) and form part of capital investment in human resources; substance over form controls and payments made to facilitate qualification-rather than as remuneration for services-are non taxable, as affirmed by tribunal reasoning distinguishing capital from revenue receipts. en-us Mon, 01 Sep 2014 10:28:53 +0530 Mon, 01 Sep 2014 10:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5808 Stipends to articled clerks are regarded as capital receipts and scholarships rather than taxable income because they are paid to meet education and training costs (books, fees, coaching, living expenses) and form part of capital investment in human resources; substance over form controls and payments made to facilitate qualification-rather than as remuneration for services-are non taxable, as affirmed by tribunal reasoning distinguishing capital from revenue receipts. Articles Income Tax Mon, 01 Sep 2014 10:28:53 +0530 https://www.taxtmi.com/article/detailed?id=5808