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



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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Hi Everyone, Hope you all are doing good! I am a CA Final Student and currently undergoing my CA Articleship.


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