how IPL franchise earn income by
selling player at higher price and how it is taxed and under which heads of income
2 Replies
Kiran Hathalia
(837 Points)
Replied 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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