Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 Income Tax Refund (ITR) Status Check for FY 2024-25 (AY 2025-26) A Simple Guide
 How to Use Barcode Inventory Software in TallyPrime Complete Step-by Step Guide for Businesses (2025)
 How to Use Barcode Inventory Software in TallyPrime Complete Step-by-Step Guide for Businesses (2025)
 Which Tally is Best for You in 2025? Complete Guide to TallyPrime, TallyPrime Edit Log & TallyPrime Server
 How the IT & Technology Industry Can Use Tally Prime The Complete 2025 Guide to Smarter Finance, Billing & Automation
 How to Create a Proforma Invoice in Tally: A Complete Step-by-Step Guide for 2025
 Tally Prime and the Rise of Cloud-Native Accounting in India
 Step-by-Step: Using Tally Prime for Financial Reports and Cash Flow
 Zero Errors, Zero Hassle: How Tally Prime Reinvents Tax Compliance
 Gold Price Today in South India Madurai, Hyderabad, Warangal & Kochi (10 Nov 2025)
 How to Record Bank Statement Entry in Tally Prime

BCCI must pay Rs 684 cr tax: Sources
June, 30th 2010

In the middle of income-tax investigations into the IPL and its franchises, the revenue department has raised a tax demand of Rs 684 crore against the Board of Control for Cricket in India (BCCI). Sources said the tax department has asked BCCI to pay Rs 118 crore for assessment year 2007-08, Rs 421 crore for 2008-09 and Rs 145 crore for 2009-10. The demands were raised after the department had withdrawn tax exemption to the cricket body stating that it no longer promoted cricket as a charitable activity.

When BCCI refused to pay tax as demanded, the Central Board of Direct Taxes (CBDT) instructed its field formation to adjust tax dues against the refund claims made by the cricket body. As a follow-up action, I-T authorities this year adjusted Rs 92 crore from the BCCIs previous years refunds. On the issue of withdrawal of tax exemption, through a clarification issued earlier this year, the CBDT had said that it had disallowed exemption as it found that the BCCI was primarily engaged in commercial activities.

In 2007-08, the year from which CBDT had cancelled BCCIs tax exemption, the apex cricket organisation is believed to have generated an income of over Rs 1,000 crore that included media rights of over Rs 550 crore, surplus from tours, interest on bank deposits of over Rs 1,100 crore and income from other sources. Prior to that, it never had an income of that level.

In order to bring sporting bodies such as BCCI under the tax net, the I-T department had last year issued a notification stating that all sportspersons, Indian or foreign, besides coaches, trainers, umpires, referees, team physicians, physiotherapists, event managers, commentators, anchors and columnists must be levied TDS at 10%.

Not convinced, BCCI had moved an appeal against the order before a tax tribunal stating that it was still engaged in activities not meant for profiteering. The CBDT, however, had a contrary viewpoint. It held that the main income of the cricket body came from the business of cricket and not from the game of cricket. The rejection of tax exemption was based on the fact that BCCIs IPL venture was purely business oriented. Though the department has completed BCCIs assessment for 2007-08, the same is still pending for 2008-09 and 2009-10. BCCI had claimed exemption for all three years.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting