Scholarship Received in India or Abroad Tax Free


scholarshipScholarship has been clearly given exemption from being included in the total income of a person as per section 10(16) of the Income tax Act . Further the provision u/s 10(16) does not distinguish between Indian scholarship and scholarship given by foreign entities. Thus , any student who receives scholarship grants either from an entity in India or from a foreign university or foreign government , is completely tax free under section 10 of the I T Act .

This content is for annual and Semi Annual members only.

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