A Board of Cricket Control of India (BCCI) was generally known for its transparency, even with regards to highest sums of money being paid to the government in taxes.
However, it seems their image might take a hit as investigations reveal that the institution owes the Government Rs 201.36 crore in taxes, which of course in far lesser than what they originally needed to cough up.
As per PTI reports, Minister of State for Finance S S Palanimanickam, said in a written reply to Rajya Sabha that, "Appropriate measures have been taken by the Department to recover the demands raised which resulted into collection of an aggregate amount of Rs 347.06 crore out of total demand of Rs 548.42 crore (on BCCI)."Other than this, there are dues of Rs 134.83 crores for the assessment years 2004-2005 along with 2005-2006.
Rs 40 crores have been recovered, and more to come in the near future. For the record, tax recovery of such kinds are generally known to happen over a period of time which means transactions such as these will be rather common in the future.
PTI
 |
                                                                                           |
 |