Section 115BBA → Section 129
Tax on non-resident sportsmen or sports associations
Quick Answer
Section 115BBA of the Income Tax Act, 1961 (Tax on non-resident sportsmen or sports associations) corresponds to Section 129 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 115BBA
Section 115BBA of the 1961 Act sets out the rules on tax on non-resident sportsmen or sports associations. Taxes the income of foreign athletes, umpires, and sports associations (e.g., match fees, sponsorships) at a concessional flat rate of 20%.
The new code maps this to Section 129: the provision is retained and renumbered as Section 129 of the Income-tax Act, 2025, applying from 1st April 2026. Retained verbatim. Important for international sporting events like IPL and World Cups.
On the ground, changes to Section 115BBA carry a High impact. Governs the taxation of international sports leagues.
Sec 115BBA
Provision Summary
Taxes the income of foreign athletes, umpires, and sports associations (e.g., match fees, sponsorships) at a concessional flat rate of 20%.
Sec 129
Provision Summary
Retained verbatim. Important for international sporting events like IPL and World Cups.
Key Changes & Highlights
- TDS deduction mechanisms linked strictly to this section to ensure no foreign remittance escapes tax.
Related Sections
Frequently Asked Questions
What does Section 115BBA of the Income Tax Act 1961 deal with?
Section 115BBA of the Income Tax Act, 1961 covers tax on non-resident sportsmen or sports associations. Taxes the income of foreign athletes, umpires, and sports associations (e.g., match fees, sponsorships) at a concessional flat rate of 20%.
Where does Section 115BBA of the ITA 1961 go under the Income-tax Act, 2025?
Section 115BBA of the Income Tax Act, 1961 maps to Section 129 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained verbatim. Important for international sporting events like IPL and World Cups.
Why does the change to Section 115BBA matter for taxpayers?
The transition impact for Section 115BBA is rated High. Governs the taxation of international sports leagues.
What are the key changes to Section 115BBA under the Income-tax Act, 2025?
TDS deduction mechanisms linked strictly to this section to ensure no foreign remittance escapes tax. These points are specific to Section 115BBA (Tax on non-resident sportsmen or sports associations).
Disclaimer: This mapping of Section 115BBA (Tax on non-resident sportsmen or sports associations) to Section 129 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 115BBA is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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