“Consider the numbers. In IPL 2023, Bcci Earned A Record RS 5,120 Crore Surplus, with Total Income Reaching Rs 11,770 Crore, Driven Largly by Media Rights. Projections for IPL 2024 and 2025 Annual Revenues at 12,000–13,500 Crore. And That’s Just One Part of the Larger Earnings Ecosystem. Bengaluru professor, on linkedin.
“If a simple 40% tax applied just on bcci’s ipl rights, Nearly Rs 15,000 buyswood has been raised over three years-Enough to Fund 10 NEWD 10 NEWD 10 NEW IIT’s OR ANANVINAL Deeep-Tech Innovation Corpus. Add. Franchise Profits (Rs 800 to Rs 1,200 Crore/Year), And Another Rs 320 to Rs 480 Cold be collected annual. The ipl ecosystem, “He explained.
However, he also reminded that it was not just the IPL which enjoyed tax breaks and state subsidies. “It’s not just just ipl. Bollywood productions Enjoy Tax Breaks and State Subsidies. Are giving Startup tax holidays
“Meanwhile, research institutions in India must pay gst on lab Equipment, consumbles, and software licenses. Entertainment is subsidized. Research is taxed,” He pointed out.
Why is the bcci not taxed?
The BCCI is not required to pay income tax since it is registered as a charitable organization under Indian law. Its objective is to promote and develop the sport of cricket. But the exemption from tax has come under increasing scrutiny, particular after memos was we introduced to permit commercial activities related to the ipl.
Additional, the bombay high court recently Quashed a tax advisory from the income tax department in mid-februry of this year. The Income Tax Department Argued that the Bcci’s Fundamental Objactives Had Changed Due to Its Shift Shift Toward Commercial Activities.
