World Champion D Gukesh bears a striking resemblance to MS Dhoni. The Grandmaster, the youngest world champion, remains a picture of calmness when seated across the 64 squares. Nothing unsettles him. Even the world’s best, sitting opposite and plotting his downfall, fail to elicit the slightest emotion from him while he is at work. Sound … Read more
India’s young chess prodigy, D. Gukesh, made history by earning a remarkable Rs 11.45 crore in prize money after winning the 2024 FIDE World Championship. While his achievements have brought immense pride to the nation, the big question doing the rounds is: Will this substantial prize money be taxed under Indian law? The taxation of such … Read more
D Gukesh, the 18-year-old chess prodigy and youngest World Chess Champion, is about to learn that victory comes with a hefty price tag. Of the ₹11.45 crore prize money he earned from his monumental win, nearly ₹4.09 crore will be swallowed by taxes, leaving him with ₹7.36 crore in hand. India’s taxation rules on prize money … Read more