Jaya's tax bouncer at Marans, CSK

BCCI secretary N Srinivasan, who is close to DMK chief M Karunanidhi and the Maran family received a jolt on Wednesday, when Tamil Nadu chief minister J Jayalalithaa imposed heavy taxes on their lines of businesses. KV Lakshmana reports.

Updated on: Sep 14, 2011, 23:07:48 IST

None | By KV Lakshmana, Chennai

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BCCI secretary N Srinivasan, who is close to DMK chief M Karunanidhi and the Maran family received a jolt on Wednesday, when Tamil Nadu chief minister J Jayalalithaa imposed heavy taxes on their lines of businesses.

The announcement of a 25% levy on Indian Premier League matches played in Tamil Nadu will affect the revenue generation by the champion team Chennai Super Kings, whose promoter is Srinivasan.

Also, the 30% entertainment tax on DTH services will hurt the business of the Maran family, which owns Sun Direct, the largest in the field in Tamil Nadu. Earlier, the rate was 12%.

The tax bill was passed in the assembly’s budget session, which concluded on Wednesday.

Tamil Nadu commercial taxes minister A Krishnamurthy said the state was following the example of some other states in this regard.

Sun Direct, a subsidiary of Sun TV, is posing a challenge to state-sponsored Arasu Cable, relaunched by the government recently. Sun TV recently cut the prices of its DTH service.

ABOUT THE AUTHOR
KV Lakshmana
KV Lakshmana is the Tamil Nadu bureau chief of Hindustan Times. He covers social, economic and political changes in the state and neighbourhood.

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