Cricket World Cup Gets Rs.45 Crore Tax Relief : Why - Sukanya Kadyan
Cricket World Cup Gets Rs.45 Crore Tax Relief : Why - Sukanya Kadyan
The Issue
The Union Cabinet is scheduled to meet on Thursday to consider income tax exemption for Cricket World Cup.
As per a report, the Cabinet will consider International Cricket Council (ICC) request on tax exemption under section 10 (39) of Income Tax Act.
Earlier, the ICC had sought income tax exemption from the Indian government by submitting all the relevant papers to manage its profits/foreign exchange generated at the events in the way it deems fit.
In 2006, while hosting the Champions Trophy, the Board of Control for Cricket in India (BCCI) had struggled to get tax exemption.
The Issue
The Union Cabinet is scheduled to meet on Thursday to consider income tax exemption for Cricket World Cup.
As per a report, the Cabinet will consider International Cricket Council (ICC) request on tax exemption under section 10 (39) of Income Tax Act.
Earlier, the ICC had sought income tax exemption from the Indian government by submitting all the relevant papers to manage its profits/foreign exchange generated at the events in the way it deems fit.
In 2006, while hosting the Champions Trophy, the Board of Control for Cricket in India (BCCI) had struggled to get tax exemption.
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Petition created on 31 March 2011