08 September 2020
Is it professinal income or business income?what will be the limit for tax audit?,if income is more than 5000000/ can he file itr4 ? What is to limit for tax audit?
08 September 2020
Please refer the following post for further understanding https://prsrglobal.in/2020/09/08/income-tax-for-professionals/
Cricketers though are called professionals in common parlance dont fall under the ambit of Section 44AA and in my opinion there income will be treated as income from business.
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