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Grant received for further study
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2016/01/27 at 12:24:55 PM GMT
Posts: 2
Grant received for further study

Hi All

 

A client of mine (a medical doctor) has received a grant for an amount of R800 000 from an institution to do his PhD at Wits in a specific field. I think that this falls under exempt income and is the same as a scholarship or bursary. It specifically states that it is a "grant". He is currently in process of resigning his current position and will start full time study within the next two months.

 

Am I correct in my thinking?



 

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