Income Tax
This query is : Resolved
10 October 2009
I want to ask that the match fees received by the cricketers is taxable under which head?
CA.Tarun Maheshwari
(Expert)
10 October 2009
Income Under the head 'Profit and Gains from Business or Profession'
Manmohan ACA, CS
(Expert)
11 October 2009
agree
12 October 2009
But they are not professionals.
There is no such regularity.
Why not "Income from Other Sources"???
There is no such regularity.
Why not "Income from Other Sources"???
CA.Tarun Maheshwari
(Expert)
14 October 2009
How can it be Income from other sources. It is their main job. Earnings are totally dependent on their skills to play. Advertisement income is to be treated as Income from other Sources for them, but not their main income source.
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