'Pak likely to tour India for one-off game'
The chairman of the Pakistan Cricket Board (PCB), Zaka Ashraf has said that there is a great possibility of Pakistan touring India for a one-off match this year in a bid to normalise bilateral ties between the two countries.Updated: Jun 04, 2012 00:19 IST
The chairman of the Pakistan Cricket Board (PCB), Zaka Ashraf has said that there is a great possibility of Pakistan touring India for a one-off match this year in a bid to normalise bilateral ties between the two countries. Ashraf, who returned to Lahore after a week-long visit to India, said "Hopefully within this month we could be in a position to announce the date for a one-off bilateral match that Pakistan will go and play in India."
IT begins scrutiny of state cricket bodies
New Delhi: The Income Tax department has begun a scrutiny of tax records and finances of more than 25 state cricket associations to assess whether these bodies are eligible for tax exemptions.
The department, which has entrusted the job to a special investigations unit in Delhi, has found that in the last five years the charter and definition of some of the associations has changed and has taken the shape of a corporate entity.
While such a change in the association's character is legal and justified for the better functioning of the association, the IT department has the mandate to scrutinise the accounts and activities of the associations to check if the charitable purposes for which taxes were waived off are still adhered to.
These associations are registered under section 25 of the Companies Act which makes them eligible for tax exemptions under the provisions of section 11 of the IT Act. There are 27 associations affiliated to the BCCI.
The IT department had demanded over Rs. 413 crore as tax from the BCCI for 2009-10, of which Rs. 41 crore has been paid.
First Published: Jun 04, 2012 00:17 IST