Is income received by the Athlete , exempt from tax ?
For instance, one person is employed in Military & he gets other Income as an Athlete from sponsers like steel authority of india. so is that income exempt from levy of tax ?
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Income recd. by athlete
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If an athlete is professional , his income is taxalbe under Business and Profession, but if such person is amateur sportsman the same income will be taxable as Income from Other Sources.
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