Taxation of Actor in Film Industry
This query is : Resolved
30 October 2008
Sir,
I have a new cilent who is from film industry.
Assessee is female.And performing leading role in movies.Kindly let me the provisions of actors in Income Tax Act.
So i proceed my case for further action.
Regards,
Shrikant Velekar
Tax Practitioner
I have a new cilent who is from film industry.
Assessee is female.And performing leading role in movies.Kindly let me the provisions of actors in Income Tax Act.
So i proceed my case for further action.
Regards,
Shrikant Velekar
Tax Practitioner
31 October 2008
Taxable as professional
31 October 2008
Yes. If her Gross Receipts exceeds Rs 10 lacs in any previous year, section 44AB Tax Audit Provisions will also be applicable
31 October 2008
under professional 11.33%(if payment >10 lacs ) or else @ 10.3% with effect from 01.06.2007
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