
Why The BCCI Does Not Have To Pay Any Tax On Multi-Crore IPL
2022年5月4日 · But have you ever wondered, does IPL's founding body the BCCI pay a hefty tax on this multi-crore Indian Premier League (IPL)? The answer is, no. Surprisingly, IPL is not liable to tax. Last year, the Income Tax Appellate Tribunal (ITAT), in an appeal filed by the BCCI (Board of Control for Cricket in India) , upheld the arguments of the sports ...
Tax Exemption Status of BCCI: Recent Developments & Future ... - Tax …
2023年12月19日 · The response from the Ministry of Finance sheds light on the complex and contentious issue of BCCI’s tax exemption. While BCCI claims exemption under the relevant section of the Income Tax Act, the Income Tax department has challenged this claim, leading to a sub judice status.
BCCI’s Tax Payment History and Financial Data: Last Five ... - Tax …
2023年8月11日 · Income, expenditure, and tax payment history of BCCI over last five years. Understand BCCI's financial data, income tax payments, and details about its status as one of the richest sports bodies in world.
For those thinking BCCI does not pay Income tax, here is
2023年8月9日 · Most people think the BCCI doesn’t pay taxes. Although it is registered as a charitable trust, the Indian cricket board has regularly paid taxes for a long time. Recently in the Rajya Sabha, Minister of State of Finance, Pankaj Chaudhary revealed that the BCCI just paid a whopping Rs. 1159 Crores as income tax in FY 2021-22.
Does BCCI pay tax to the government for the IPL and exemption …
According to reports, back in 2021, the BCCI approached the Income Tax Appellate Tribunal (ITAT) following the three show-cause notices that the revenue department issued in 2016-17. The BCCI made the approach to explain why the tax exemption that they enjoy under Section 12 A of the Income Tax Act should not be revoked.
BCCI denied tax exemption under Section 11 of I-T Act, says FinMin
2023年12月18日 · The government was responding to a question on whether the BCCI, despite being one of the richest sports bodies in the world, is enjoying tax exemption in the name of promoting cricket Section 11 of I-T Act deals with charitable institutions.
BCCI denied tax exemption under Section 11 of I-T Act, matter …
2023年12月18日 · "BCCI is claiming exemption under Section 11 of the Income Tax Act, 1961. However, during assessment proceedings the exemption is being disallowed by the Income Tax department. The matter pertaining to tax exemption of BCCI is sub judice," Chaudhary said.
HC Quashes Income Tax Advisory Denying BCCI Tax Exemption
2025年2月22日 · In a significant relief for the Board of Control for Cricket in India (BCCI), the Bombay High Court has set aside an Income Tax Department communication that questioned the board’s tax-exempt status.
BCCI Tax Exemption Upheld: Bombay HC Quashes IT Dept Advisory
2025年2月20日 · In a significant relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court has quashed an advisory issued by the Income Tax Department that questioned the board’s tax-exempt status. The ruling reaffirms that such tax determinations must be made through proper statutory procedures rather than informal communications.
Tax Exemptions for BCCI & IPL: Government’s Revenue Impact - Tax …
2024年8月6日 · Explore the financial impact of tax exemptions for BCCI and IPL, government actions, and proposed reforms from the latest Rajya Sabha update on August 6, 2024.
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