BCCI paid Rs. 50 crore for income tax in 2013-14
Published - Apr 12, 2016 5:12 pm | Updated - Apr 12, 2016 5:12 pm
The monthly financial disclosure by the BCCI revealed that the cricketing organization paid a mammoth 50 Crores in income tax in the year 2013-14. With the rule stating that details of spending over 25 Lakhs must be disclosed, the BCCI also showed a service tax bill of approximately 2.74 Crores.
The report also showcases the payment made to former Indian talismanic batsman Rahul Dravid. The Board reportedly shelled out 1.3 Crores for his coaching services to the U19 cricket team that reached the final in Bangladesh earlier this year. The Board of control has also swooped in to cover the expenses of the Assam Cricket Board, which amounts to Rs. 3.37 Crores for the year 2014-15.
Similarly, the Cricket Association of Bengal (CAB) has received a payout of Rs 6.75 crore as part of their dues. The Delhi District Cricket Association (DDCA) was also reimbursed an amount close to Rs. 30 Lakh for hosting the U23 CK Nayudu Trophy as well as the Knockout matches.
Three Indian Premier League Franchises, the Mumbai Indians, the Kings XI Punjab and the Delhi Daredevils have been given advance payments as they contest their place in the ongoing ninth edition of the IPL. The parent companies, of each franchise, had been paid the money instead of the IPL franchises itself.
KPH Dream Cricket Private Limited, the holding company of the Punjab franchise was paid a whopping 21.90 Crores while the Mumbai franchise under the name Indiawin Sports Private Limited was paid 22.90 Crores. The Delhi franchise owned by the GMR group was reimbursed the same amount as the Mumbai Indians franchise.
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