According to the news source, state minister of finance Pankaj Chaudhary supplied information on the income tax paid by the BCCI as well as its revenue and expenditures for the preceding five years based on the reports given in a written response to a query in the Rajya Sabha.
“BCCI paid 844.92 crore in income tax in the fiscal year 2020–21, a little decrease from the 882.29 crore paid in the previous year. The board paid 815.08 crore in taxes in FY2019, up from 596.63 crore in FY2017–18, according to the report. For the fiscal year 2021–2022, the BCCI brought in revenue of 7,606 crore and spent roughly 3,064 crore. It made 4,735 crore in revenue while spending 3,080 crore in 2020–21. The BCCI is creating the amended schedule for the ODI World Cup alongside the ICC. The tournament’s schedule, which will begin on October 5, has been made public.
In order to avoid conflicting with the India vs. Pakistan game, BCCI was asked not to organise the celebration on October 15 as originally suggested in the schedule. The game will most likely be played on October 14 but will still take place at Ahmedabad’s Narendra Modi Stadium.
It was asserted that the Cricket Association of Bengal (CAB) had asked the BCCI to move the Pakistan vs. England match since it would have otherwise taken place on Kali Puja (November 12).
The Board of Control for Cricket in India (BCCI) has reportedly paid a substantial amount of ₹1,159 crore in Income Tax for the financial year 2021-2022. This significant contribution reflects the organization’s commitment to its financial responsibilities.
According to sources, the BCCI’s substantial tax payment underscores its role as a major contributor to the country’s revenue. The cricketing body’s consistent efforts to comply with tax regulations and fulfill its financial obligations are evident through this sizeable payment.
The payment of ₹1,159 crore in Income Tax is a notable figure and highlights the BCCI’s robust financial position, which is crucial for the development and sustenance of cricket in India. This amount not only supports the growth of the sport at various levels but also contributes to the overall economic landscape of the nation.
The BCCI’s dedication to contributing to the nation’s tax revenue showcases its responsible approach to financial matters. Such contributions play a pivotal role in funding various developmental initiatives, infrastructure projects, and social welfare programs across the country.
It is evident that the BCCI’s substantial payment of ₹1,159 crore in Income Tax for the FY 2021-2022 aligns with its commitment to maintaining transparency, meeting its financial obligations, and playing a positive role in the nation’s economic progress.
