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    <title>Is Stipend to PG Medical Student taxable by income tax under Section 10(16)</title>
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    <description>The operative advisory conclusion is that stipends paid to postgraduate medical students are to be classified as assessable receipts and treated as taxable income rather than as exempt educational grants under the relevant income tax framework.</description>
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      <description>The operative advisory conclusion is that stipends paid to postgraduate medical students are to be classified as assessable receipts and treated as taxable income rather than as exempt educational grants under the relevant income tax framework.</description>
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