Govt will establish fresh regulations and ways to impose additional tax on existing taxpayers but won't amend laws to include BCCI in the tax bracket, one of the World's richest sports body that generates many thousands of crores each year, yet pay no taxes. BCCI earns more than GDP of many Indian states but pays no taxes.
Speak up people and LC manager survey please. Your surveys make things happen. more
The Appelate Tribunal in Mumbai decided in favor of BCCI in 2021 as 'not liable to pay tax' since they are promoting CRICKET in the country. This is laughable and very erroneous on the face of it. This is purely a commercial activity involving thousands of crores. BCCI MUST PAY TAXES. FINANCE MINISTRY AT THE CENTRE MUST STEP-IN SUITABLY TO ENSURE THAT TAXES ARE PAID BY THE BODY AND RECOVER ARREARS TOO. more
BCCI are having and àdding a lot of surpluses every year. Govt should find out what they're spending on sport promotion though affiliated Associations.and what they are spending on IPL. IPL is big business. Tickets, sponsorships, emoluments to players, staff etc. Everything is extraordinarily higher.. Absolutely no reason to give any concessions in taxes. Infact I feel there is lot of wastage of foreign exchange. Each team brings in many foreign associates who are not necessary. Companies spend high amounts on advertisements, sponsorships. TV channels are more interested in showing advertisements than on field activies. Every TV advertisement should be charged 10% cess towards sacrified army men's families and funds to help Farmers. more
We need football more than the cricket. As such BCCI should be taxed @tobacco as perhaps it does more harm than any other sporting events. But none will bring any laws as Political Masters are in the helm. more
Income of BCCI must be taxed with immediate effect if not retrospective. BCCI is not a charitable institution but run as a business enterprise. So tax laws to be amended forthwith. more
LocalCircles has been doing phenomenal work in the area of aviation reforms. In fact its the only hones public voice out there. Even many newspapers dont cover public issues with airlines.
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Super excellent work LC and great to see this clip I received in one of the groups of LocalCircles work getting recognised on the issue on NDTV. Children under 12 now have to be seated with parents...
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Are you paying rent in cash? My friend Rajiv did the same last financial year. (And was shocked) He paid Rs.20,000 as rent every month. Half in cash, half via online transfer....
Your efforts LC Manager on creating awareness about instant loan extortion and malpractices is working RBI finally says all personal loans will, from Oct 2024, need to carry a Key Financ...
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By Reeta Kumar
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