Non-resident sportspersons now taxed at flat 10% rate under Section 115BBA for income from sports activities in India.
The statutory provision introduces a new section 115BBA in the Income-tax Act, specifically addressing taxation for non-resident sportsmen and sports associations. It establishes a flat 10% tax rate on income derived from sports-related activities in India, including participation, advertisements, and article contributions. The provision prohibits any deductions and simplifies tax filing requirements for such assessees, provided tax has been deducted at source.
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