Income of cricketer from turnaments
This query is : Resolved
08 September 2020
Is it professinal income or business income?what will be the limit for tax audit?,if income is more than 5000000/ can he file itr4 ?
What is to limit for tax audit?
What is to limit for tax audit?
08 September 2020
Please refer the following post for further understanding https://prsrglobal.in/2020/09/08/income-tax-for-professionals/
Cricketers though are called professionals in common parlance dont fall under the ambit of Section 44AA and in my opinion there income will be treated as income from business.
Cricketers though are called professionals in common parlance dont fall under the ambit of Section 44AA and in my opinion there income will be treated as income from business.
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