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Income Tax Department India
2mo
a deputy manager
She is the Real Winner
Congrats to the Indian Tax dept for winning the World Chess Championship and earning 5 crores out of the 11 crore prize money. Do you think it’s fair to deduct taxes on winnings? Did the government provide any support to him or his family during their preparation?
greatking
2mo
A Team Lead
It’s fair! Taxes are essential for national development.🤷♂️
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a content writer
2mo
This is outright unfair. The government plays no role in an athlete's preparation or struggles but is quick to claim a significant portion of their reward. Prize money should be exempt from taxes for individuals bringing global honor to the nation.
an analyst
2mo
Taxing 50% on winnings?
That's daylight robbery. The government barely supports chess, and then they take half of the prize money!
a management consultant
2mo
Typical India.....taxes on everything, but no real support for niche sports like chess.
a hr executive
2mo
Yes, taxes are fair, but the government’s cut is insane.
If the system worked for everyone, why do we have 99% of athletes struggling in India?
a consultant
2mo
The government taxes winnings, yes, but they don't do anything to help these players get there. No training facilities, no proper sponsorship.
insideoutt
2mo
works at
Stop blaming the tax!
The bigger issue is that chess players have to fund everything themselves. The government does NOTHING for them until they win.
wineymoose
2mo
An Operations Manager
Let’s be real. If you win, you pay.
Stop playing the victim. The tax department isn’t to blame for the lack of government support.
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