ibnlive » Cricket

Govt to fetch Rs 200cr taxes from IPL

Cricketnext.com
Mar 14, 2010 at 02:57pm IST

New Delhi: Indian Government is expected to receive more than Rs 200 crore as taxes from the third edition of the Indian Premier League.

As per the estimate calculated by the field formations of the Revenue department, the IPL will fetch about Rs 100 crore each under the direct (income tax) and indirect (service tax) categories.

The government had received Rs 91 crore as taxes from the first edition of IPL, while the second edition which was hosted in South Africa last year had fetched the department few crores.

Govt to fetch Rs 200 crore as taxes from IPL III

The government had received Rs 91 crore as taxes from the first edition of IPL.

The Revenue department expects a rise in taxes this year in light of a recent Mumbai I-T department order which had termed the BCCI a commercial organisation and not a charitable one.

The I-T department in Mumbai has also created a special cell of officers to monitor the IPL.

The BCCI had then said it would reply and state it's position to the I-T department regarding the order on the charitable organisation.

Latest

More from this section

Bleacher Report