CBDT Circular on Section 10(16) Of The Income – Tax Act, 1961 – Scholarships – Scholarships To Meet Cost Of Education – Specific Cases Where They Have Been Treated As Exempt From Tax Under Clause (16)

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SECTION 10(16) OF THE INCOME – TAX ACT, 1961 – SCHOLARSHIPS – SCHOLARSHIPS TO MEET COST OF EDUCATION – SPECIFIC CASES WHERE THEY HAVE BEEN TREATED AS EXEMPT FROM TAX UNDER CLAUSE (16) LETTER F. NO. 24/22/67-IT(A-I), DATED 7-7-1967 FULBRIGHT GRANTS TO AMERICAN STUDENTS – Attention is invited to the Board’s Letter No. 46(83-IT/54), dated 6-8-1954…

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