Question

1. Why do you think the scholarship on the long-run trends of capital’s share of income (”Alpha”) is so contentious, especially around the mid 20th century?

Answer 1

Dear Student,

Scholarship saves you from debt. Many students graduate from college with huge loan debts. The thought of repaying all the money limits their education, Improves performance. Getting a scholarship takes away all your financial concerns. Thus, it gives you more time to study, gain knowledge and secure better grades.

But if its provided for long-run it trends to consume some capital's share of income

Any kind of scholarship or award granted to any deserving student to meet the cost of education is exempted from tax under Section 10(16) of the Income Tax Act of 1961. There is no cap on the maximum limit and the entire sum of money received as a scholarship gets the tax exemption treatment.
Paying income tax is a moral and legal obligation of every proud citizen of the country. "The taxation system is designed to make sure there are no unnecessary taxes that may become a financial burden.

So if we share come income that is liable for tax deduction to complete education of deserved student via donation to top institutes in form of Scholarship, it will help student to have prospective career without having a lot of financial burden.

Thank You !!