New Delhi: The Income Tax department has demanded over Rs 413 crore as tax from the world's richest cricket body, the BCCI as per its income assessment for the year 2009-10, of which only Rs 41 crore have been paid. This was revealed in response to an RTI query.
The department said BCCI used to get income tax exemption as a charitable organisation but now that exemption has been withdrawn and its earnings come under business income.
Responding to activist Subhash Agrawal, the department said that the BCCI had made over Rs 964 crore for the assessment year 2009-10 for which the department had demanded tax of over Rs 413 crore but so far Rs 41.91 crore have been
paid as tax by the cricket body.
It has further brought to notice that the tax assessment for further two years is pending, which may also yield tax-recovery of close to an additional 1000 crores.
With Additional Inputs From PTI
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