Itr of circket player

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A cricketer earning £402,500 from the IPL is seeking guidance on tax eligibility under Section 44ADA. They are unsure whether to use business code 20023 (other sports activities) or 20010, and why their software suggests Section 44AD instead of 44ADA. Additionally, they want to know if food allowances received by IPL players are subject to GST.

Ayush Jain

Ayush Jain (Querist)
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20 July 2024 client is a cricketer,his fees reciept for ipl is 4025000,i want to know that if i am eligible for 44ada,and if im eligible for 44ada, then when im selecting business code of 20023 of other sports activities then my software is guiding to me choose 44ad instead of ada .
so what should be treatment done for it

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 Select '20010'

Ayush Jain

Ayush Jain (Querist)
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20 July 2024 it would be okay if im selecting this for a cricket player? as he is not an artist

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2024 There is no other suitable code than this for cricketer.

Ayush Jain

Ayush Jain (Querist)
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21 July 2024 another query is, if food allowances other than fees reciep given to an ipl player is appicable to gst implication

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 July 2024 No...
https://itatonline.org/digest/qa/gst-on-allowance-received/

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 July 2024 To more than 1.25 lakh profile hitters::::

"Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp

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