Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Rs 4.67 Crore Tax for D Gukesh: Fans Target FM Sitharaman After Chess Win
Update / Judgement Date
17 Dec 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
After Indian chess prodigy D. Gukesh's impressive victory in the 2023 World Chess Championship, fans raised a demand for a tax exemption on his Rs 4.67 crore earnings. They petitioned Finance Minister Nirmala Sitharaman to consider not taxing Gukesh’s winnings, highlighting that his success on the global stage brings recognition to India. The debate centers around the financial recognition given to athletes in other countries, where such winnings are often not taxed. While the government’s stand on the issue is awaited, the call for tax relief aims at motivating young talents and promoting sports in the country.