Taxation of ad revenue

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1359 Points Posted on 31 August 2023
under which head of income - income from advertising is taxed in hand of cricketer, film stars etc
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On 31 August 2023 at 17:01 Report
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This discussion clarifies how income generated from advertising is taxed for high-profile individuals like cricketers and film stars. It differentiates between income from a profession and profits and gains from business or profession (PGBP). It also touches upon the potential eligibility for presumptive taxation under Section 44ADA for professional income below £50,000.

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18 Points Posted on 31 August 2023
Income from professional
1 Reply
On 31 August 2023 at 18:10
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CFO- at NHTF
58280 Points Posted on 31 August 2023
Income from PGBP
1 Reply
On 31 August 2023 at 20:05
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Profession
28271 Points Posted on 01 September 2023
He is generally not earning salary.
profits and gains from business and profession.
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On 01 September 2023 at 08:40
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CFO- at NHTF
58280 Points Posted on 02 September 2023
Profession income eligible for 44ADA if it is below 50Lakhs
1 Reply
On 02 September 2023 at 06:20

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