The Board of Management for Cricket in India (BCCI) over the previous 5 years has paid a considerable INR 4,298 crore in earnings tax. It’s price mentioning, BCCI has paid INR 1,159 crore earnings tax within the 2021-22 fiscal which is 37 per cent larger than the earlier 12 months.

BCCI Paid INR 4298 Cr Revenue Tax

Opposite to fashionable perception, the BCCI, regardless of being broadly perceived to have tax exemption, has constantly fulfilled its earnings tax obligations.

This was revealed by Union Minister of State for Finance, Pankaj Chaudhary, throughout a press release he made within the Rajya Sabha on Tuesday, August 8. Within the final 5 years alone, the BCCI has contributed a complete of Rs 4,298.12 crore in direction of earnings tax.

The breakdown of those tax funds is as follows:

• Rs 844.92 crore in 2020-21
• Rs 882.29 crore in 2019-20
• Rs 815.08 crore in 2018-19
• Rs 596.63 crore in 2017-18
• A further Rs 1,159.20 crore in the latest monetary 12 months.

The disclosure got here in response to a question posed by member Anil Desai. The member’s questions had been as follows:

(a) Whether or not the Authorities is conscious that the Board of Management for Cricket in India (BCCI) ranks because the second richest sports activities physique globally, and in that case, may the earnings and expenditure of the BCCI over the previous 5 years be offered?

(b) Whether or not the BCCI has made any earnings tax funds over the past 5 years, and in that case, may the specifics be elucidated?

(c) If not, may the explanations behind this be defined?”

In reply, the Minister said that the Authorities doesn’t preserve information pertaining to sports activities our bodies on a worldwide scale. However, he offered the Revenue and Expenditure particulars as per the earnings tax returns filed over the previous 5 years

Within the 2021-22 fiscal, BCCI earned a income of Rs. 7,606 crore, whereas its expenditure stood at near Rs. 3,064 crore. In 2020-21, its earnings stood at Rs. 4,735 crore and expenditure at Rs. 3,080 crore.

BCCI is the nationwide governing physique of Cricket in India. Its headquarters is located on the Cricket Centre in Churchgate, Mumbai. The BCCI is the wealthiest governing physique of cricket on the planet.

The BCCI has hosted a number of ICC World Cups and can host the 2023 Cricket World Cup, the 2026 ICC T20 World Cup, the 2031 ICC ODI Cricket World Cup, and the 2025 Ladies’s Cricket World Cup.

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