Man of the match income of cricketer is taxable in which head of IT.
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taxability
Replies (7)
Income from business & profession
INCOME UNDER THE HEAD
OF "PROFIT OR GAIN ROM BUSINESS OR PROFESSION"
Income from business & profession
regards,
ratan
Income from Profession.
ROI - ITR 4
| Originally posted by : CA KHAN AURANGZAIB | ||
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INCOME UNDER THE HEAD OF "PROFIT OR GAIN ROM BUSINESS OR PROFESSION" |
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As the income is derived in due course of its profession it would taxed inder the head B & P.
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