Sachin Tendulkar – A Cricketer err.. no he’s now an Actor. So he claims to gain tax decuctions for his income from TV advertisements. Tendulkar was levied an income tax of Rs 2,08,59,707 on the income of Rs 5,92,31,211 that he earned from ESPN Star Sports, PepsiCo and Visa in foreign currency during 2001-02 and 2004-05. He had challenged the order of the Commissioner of Income Tax-Appeal (CIT-A), to pay up.
The tribunal in an order on May 20, upheld Tendulkar’s argument that he was an actor and could claim deduction in tax on his income from TV commercials as an artist.
Tendulkar argued that he had claimed deductions under Section 80 RR of I-T Act on the ground that he was an “actor” while appearing in advertisements. He submitted that the CIT (A) had wrongly held that he was not an actor as cricket was his principal profession.
“In the present case, the assessee, while appearing in advertisements and commercials, has to face the lights and camera. As a model, the assessee brings to his work a degree of imagination, creativity and skill to arrange elements in a manner that would affect human senses and emotions and to have an aesthetic value,” the tribunal held.