In Section 115BBA, the income from the participation in matches in India of Non-Resident is chargeable to tax at the presumptive rate of 10%.
If the non-resident gets a man of the match and is awarded with a certain sum of money, whether that would be chargeable under Sec 115BBA or there is some other section which would cover that.
Please tell your query in more details so that we can resolve the same.
Since the winning any prize in cash/cheque for Non-Resident Sportsman or Sports Association attracts TDS deduction @ 10%. There is no lower limit in winning amount. whether 100/- win by a non resident sportsman the same will be attacted to deduct TDS. U/s 194E.
Yes the same should be squarely covered in sec 115BBA as the Man of the Match award results from the participation in match only.
Anuj
0-9810106211
@ harpreet and CA Anuj Sir: thanks a lot.......!!!!
CAclubindia
