Football player
This query is : Resolved
MAMG and Co
(Querist)
05 October 2013
Is service tax applicable to a professional footballer if he receives professional fees from a club?
Ajay Mishra
(Expert)
05 October 2013
Hi
A 12.36 per cent service tax will now be levied on all players – men and women – who earn more than Rs 10 lakh from match fees (this includes prize or award money). Coaches, match referees, umpires and other support staff of teams earning above Rs 10 lakh annually will also be taxed.
Read more:
https://www.dailymail.co.uk/indiahome/indianews/article-2168873/Filmstars-income-promotional-adverts-new-levy.html
A 12.36 per cent service tax will now be levied on all players – men and women – who earn more than Rs 10 lakh from match fees (this includes prize or award money). Coaches, match referees, umpires and other support staff of teams earning above Rs 10 lakh annually will also be taxed.
Read more:
https://www.dailymail.co.uk/indiahome/indianews/article-2168873/Filmstars-income-promotional-adverts-new-levy.html
MAMG and Co
(Querist)
05 October 2013
hi,
Thank you Mr. Mishra. Also this is from A.Y 13-14 onwards, right?
Thank you Mr. Mishra. Also this is from A.Y 13-14 onwards, right?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Capital gain on commercial property and investment in residential property
- Rent agreement of House of deceased person
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
