Can u tell me income from test match by cricketer is taxable in which head of IT.
Menu
taxability
Replies (3)
PGBP.
Circular No. 88/2008 F.No. 275/43/2008-IT(B), dated 21.8.2008.
through this circular, CBDT notified that certain persons in respect relation to whom tds is to be deducted u/s 194J. Professional services.
It contains "sports persons".
Hence incomes from matches are taxable under the head "PGBP" to the sports person.
Agree with ashish same will be taxable under head PGBP.
Being a Sports Person's profession i.e. playing cricket match......... the same will be taxable under the head Profit and Gains from Business or Profession...........
Recent Threads
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
Related Threads
CAclubindia
