Itr filing of an cricketer.
This query is : Resolved
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
Kindly reply my questions.
Regards
Himanshu Panth
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.
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.
Message likes :
1 times
03 August 2018
But sir is we should take them as under itr 3 or what should be there nature of business code.
03 August 2018
But sir is we should take them as under itr 3 or what should be there nature of business code.
03 August 2018
But sir is we should take them as under itr 3 or what should be there nature of business code.
03 August 2018
Yes ITR 3 applicable select professional code 20023.
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
- Sms from department
- TDS ON RENT FOR THE F.Y. 2025-2026
- Capital Gain on Sale of Private company's shares
- FORMATION OF LLP AND DOCUMENTS REQUIRED
- LTCG on property sale with more than 1 property
- ITR revision intimation recd.
- ENTRY OF CIVIL MATERIAL AT TIME OF RENOVATE THE FACTORY BUILDING
- E-way bill threshold limit
- SPECULATION OF GOLD AND SILVER
- Chartered Accountant filing AOC 4 & MGT 7 of his clients on MCA v3 portal
- Rent received from builder for Redevelopment of flat
- Itc on computer
- REGARDING TURNOVER
- ITC REVERSAL IN GSTR 9 OF FY 24-25
- Rectification of return under section 154
- GSTR 9 & 9c turnover reconciliation
- Capital goods Cross charges
- REGARDING STATUTORY AUDIT of a private company
- GST ASMT - 13
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
