I was reading an article and found that Amitabh Bacchan doesn't pay even a dime from the Rs. 51 crores he makes at Kaun banesga Crorepati as an artist is exepted to pay taxes. Even though the tax guys say he is not an artist there but an anchor, but the coart ruled in his favour. Artn't we creatives also artists? In that case we should be exempted?
What do desicreatives think of this?
Big B pays no taxes as he is an 'artist'. Should we?
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TruthHurts
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TruthHurts
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So here it is...
But Kaun Banega Crorepati, which had earlier helped Amitabh ride out a financial crisis, continued to be lucky for him. The tribunal last week accepted the actor’s argument that the government cannot tax his entire income of Rs 51 crore from the TV game show.
Bachchan said Section 80RR of the Income Tax Act made it clear that 30 per cent of the earnings was not taxable since he was an artiste. Section 80RR provides the relief to an Indian artiste earning foreign exchange if he brings the money into India.
But Kaun Banega Crorepati, which had earlier helped Amitabh ride out a financial crisis, continued to be lucky for him. The tribunal last week accepted the actor’s argument that the government cannot tax his entire income of Rs 51 crore from the TV game show.
Bachchan said Section 80RR of the Income Tax Act made it clear that 30 per cent of the earnings was not taxable since he was an artiste. Section 80RR provides the relief to an Indian artiste earning foreign exchange if he brings the money into India.