Deductibility under section 57(iii): selection fees for test cricketers partly allowable; foreign tours and other matches treated differently. Where a cricketer who is not a professional receives a selection fee it is assessable as income from other sources, and expenditure wholly and exclusively incurred for earning that income is deductible. For domestic Test matches a substantial portion of the selection fee may be treated as deductible expenditure; foreign tour receipts attract a lower presumptive deduction only where none is credited to a benevolent fund; fees for non-Test domestic matches are deemed wholly expended.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductibility under section 57(iii): selection fees for test cricketers partly allowable; foreign tours and other matches treated differently.
Where a cricketer who is not a professional receives a selection fee it is assessable as income from other sources, and expenditure wholly and exclusively incurred for earning that income is deductible. For domestic Test matches a substantial portion of the selection fee may be treated as deductible expenditure; foreign tour receipts attract a lower presumptive deduction only where none is credited to a benevolent fund; fees for non-Test domestic matches are deemed wholly expended.
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