The Board of Control for Cricket in India (BCCI) earned Rs.1,666.84 crore in 2010-11 as compared to Rs.1,387 crore in the previous fiscal, finance minister Pranab Mukherjee said Tuesday.
Gross receipt disclosed by BCCI in its tax returns for the assessment years 2007-08 to 2010-11, are Rs.651.82 crore, Rs.1,000.40 crore, Rs.1,387.02 crore and Rs.1,666.84 crore respectively, Mukherjee said in a written reply in the Rajya Sabha.
In view of the commercialisation of the cricketing body, the government has withdrawn tax exemptions provided to the BCCI.
"The registration granted to BCCI under section 12A of the Income Tax Act was withdrawn in December 2009 with effect from June 1, 2006,” the minister said.
The BCCI's income was earlier entirely exempt from tax.
For the assessment years 2007-08 and 2008-09, the BCCI has so far paid Rs.249 crore as tax. Tax demands of Rs.118.04 crore and Rs.257.12 crore have been raised for the other two assessment years.
Stay updated with all top Cities including, Bengaluru, Delhi, Mumbai and more across India. Stay informed on the latest happenings in World News along with Delhi Election 2025 and Delhi Election Result 2025 Live, New Delhi Election Result Live, Kalkaji Election Result Live at Hindustan Times.
Stay updated with all top Cities including, Bengaluru, Delhi, Mumbai and more across India. Stay informed on the latest happenings in World News along with Delhi Election 2025 and Delhi Election Result 2025 Live, New Delhi Election Result Live, Kalkaji Election Result Live at Hindustan Times.