Cricket

BCCI paid goverment Rs 2150 crores as Tax

As per the sources in government, the Board of Control for Cricket in India has paid taxes worth Rs 2140 crores to the government since 2004/05. The amount has been paid out of the total demand of Rs 2,510.48 crores.

Jayant Sinha, the Minister of State for Finance wrote in a reply to the Rajya Sabha, “Out of a total demand of Rs 2,510.48 crore raised from assessment year 2004-05 onwards, an amount of Rs 2,140.58 crore has already been collected. The remaining demand of Rs 369.89 crore has been stayed by income tax authorities till disposal of appeal filed by BCCI. 

Sinha also said that the amount worth Rs 53 crores was still pending for 2008/09; Rs 100 crores for 2010-11; Rs 100 crores for 2011-12 and Rs 116.89 crores for 2012-13, which the BCCI is liable to pay.

The minister also said that he had made special requests to higher authorities to make laws regarding the recovery of the pending taxes from various sources. Sinha said that the total outstanding tax demand at the national level as of March 31, 2014, was at Rs 5, 75,340 crores against Rs 4,86,180 crores a year ago.

Sinha said that there were several factors which caused the delay in the recovery of the due taxes. One of the reasons was that there were as many as 130 applications pending before the Income Tax Settlement Commission (ITSC).

“These 130 applications could not be disposed of during the financial year 2014-15 as there is a shortage of members in the ITSC. As on April 1, 2015, there are only six members, in addition to the Chairman, to attend to the functioning of seven benches as against the sanctioned strength of 20 members other than the Chairman,” Sinha concluded.

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