Will D Gukesh's Rs 11.45 Crore Chess Prize Escape Taxation u/s 10(17A)?

Sahil Jaiswal , Last updated: 26 December 2024  
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D. Gukesh's recent victory at the World Chess Championship has earned him a prize of approximately ₹11.45 crore. Under Indian tax laws, such prize money is typically classified as "Income from Other Sources" and is subject to taxation. Given the amount, his tax liability could be substantial, potent

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Sahil Jaiswal
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Category Income Tax   Report

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