plz tell how the income earn under IPL by the buyer of the team ,sponsors and the players will be taxable plz repiy i m in confusion.
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Income Tax Query
Replies (3)
all will be from business or profession
except sponsers which will be income from other source
For all of them the income is taxable in business and profession. Even for sponsors as this is also their business to sponsos such as doing advertisements.....But sponsorors dont have direct income from IPL. so for them it will also be a business income...
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