Taxation of IPL player for franchise of ipl

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ca
26 Points Posted on 11 May 2020
how IPL franchise earn income by
selling player at higher price and how it is taxed and under which heads of income
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On 11 May 2020 at 12:37 Report
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Quick Summary
This discussion explores the taxation of IPL player transactions for franchises. It clarifies that income from IPL player sales is likely taxed under the head of Profits and Gains from Business or Profession (PGBP). Indian players' earnings are subject to a 10% tax rate with deductions allowed, while overseas players face a 20% tax rate without deductions.

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22 Points Posted on 11 May 2020
I think it will be taxed as pgbp income
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On 11 May 2020 at 16:10
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837 Points Posted on 11 May 2020
The income from IPL shall be taxable as Professional Income and Indian players shall be taxed at 10% and deductions relating to earning such income shall be allowed. Further, overseas players shall be taxed at 20% and deductions are not allowed to them.
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On 11 May 2020 at 21:30

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