23 February 2012

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BCCI hasn’t paid Rs.373 Crore Income tax RTI Reveled

BCCI hasn’t paid Rs.373 Crore Income tax RTI Reveled

Income tax department of India withdrew BCCI's status as a charitable organization.
Now BCCI earning, income is classified as taxable business income.
Before this BCCI earnings were exempted.

Regarding tax exemption the case is going on before the I-T appellate tribunal.

The Board of Control for Cricket in India (BCCI), is yet to pay the income tax department Rs373 crore as dues for the assessment year 2009-10.
The BCCI has paid only Rs41 crore of the total tax dues for the year.

Tax assessment for the years 2010-11 and 2011-12 is pending which may add up to about Rs1,000crore.

Suggested Reading –

Does BCCI is Charitable Organization or Commercial Organization?


Reality views by sm –

Thursday, February 23, 2012

Tags - BCCI Tax Exemption


Destination Infinity February 23, 2012  

Thanks to RTI, we can know so many such things.

Destination Infinity