BCCI denied Income Tax Exemption: Matter is sub judice

The Minister of State Shri Pankaj Chaudhary in the Ministry of Finance in a written reply to a question raised in Lok Sabha said, “Matter of tax exemption of BCCI is sub judice”.

Shri Mahesh Sahoo and Shri M. Selvaraj asked these questions in Lok Sabha:

Will the Minister of Finance be pleased to state:

(a) Whether the BCCI despite being one of the richest sports body in the world enjoying tax exemption in the name of promoting cricket and if so, the details thereof;

(b) Whether the Government is considering to bring BCCI under the ambit of tax structure as it will help support and promote other sports in the country; and

(c) If not, the reasons therefor?

(d) whether the Government is aware of the total income earned by BCCI in the recently concluded IPL-2023 tournament; and

(e) if so, the details thereof?

The Minister of State replied:

(a), (b) and (c) BCCI is claiming exemption under section 11 of the Income Tax Act, 1961. However, during assessment proceedings the exemption is being disallowed by the Income Tax Department. The matter pertaining to tax exemption of BCCI is sub judice.

(d) and (e) In return of Income, instead of separate accounts for various activities, consolidated Income and Expenditure account/ Profit and Loss account is filed by a taxpayer. Moreover, return of income of financial year 2023-24 is not yet due and is thus not available.