Here’s a shocker for you guys. A fashion designer is now an artist, at least for the purpose of income tax. This is the ruling of Bombay High Court in respect of Tarun Tahiliani on his Rs 83.9 lakhs income from foreign sources in 2000. That’s because according to Section 80 RR of IT Act of 1961 a resident of India who is either an author, playright, musician, actor, artist or even a sports person is eligible for exemption to the tune of 75% of his income from foreign sources. Well, if that’s the law, you can’t really blame the courts for saying that a fashion designer also needs to be considered as an artist, though some of us wouldn’t really agree with that either.


















