D Gukesh’s Rs 11.45 crore chess prize: Can it escape taxes under Section 10(17A) of Income Tax Act?
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