Tax on non-resident sports earnings: flat levy on match, advertisement and related receipts with restricted deductions. The provision imposes a specific tax regime on non-resident sportsmen and non-resident sports associations for India-sourced sports income and related ... Summary
Tax on non-resident sports earnings: flat levy on match, advertisement and related receipts with restricted deductions.
The provision imposes a specific tax regime on non-resident sportsmen and non-resident sports associations for India-sourced sports income and related receipts: tax is computed as the aggregate of a fixed-rate tax on those specified receipts and the tax on remaining income after excluding them, with no deductions allowed against the specified receipts; where such receipts are the assessee's sole assessable income and tax has been deducted at source, the assessee need not file a tax return.
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