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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

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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