Itr filing of an cricketer.

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This query is : Resolved

Himanshu Pant (Querist)

02 August 2018 Sir, Is the auction amount of ipl is all taxable or the cricketer get any kind of special deduction or not. Is their earnings of every match is fully taxable or not or they have to pay tds on special rates or not.

Kindly reply my questions.

Regards
Himanshu Panth

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

02 August 2018 No special deduction or special rates.
TDS @ 10% is deducted on all payments made to Indian players. Payments made to overseas players are subjected to TDS @ 20%. Domestic players must include their IPL earnings while computing their income for the financial year and pay the differential tax liability, if any, before filing their income tax returns.

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Himanshu Pant

Himanshu Pant (Querist)

03 August 2018 But sir is we should take them as under itr 3 or what should be there nature of business code.

Himanshu Pant

Himanshu Pant (Querist)

03 August 2018 But sir is we should take them as under itr 3 or what should be there nature of business code.

Himanshu Pant

Himanshu Pant (Querist)

03 August 2018 But sir is we should take them as under itr 3 or what should be there nature of business code.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)