IPL Talk

IPL may pay Rs 160 cr as TDS to taxman

By admin ⋅ July 11, 2008 ⋅ ⋅ ⋅ Post a comment

The Indian Premier League (IPL) is likely to contribute Rs 160-200 crore to government coffers in 2008-09 by way of tax deducted at source (TDS), a hefty increase over Rs 60 crore in 2007-08. “TDS from IPL stakeholders stood at Rs 60 crore in 2007-08 and this amount does not include three IPL franchisees, who had not deposited tax by March 31,” said Saroj Bala, member (revenue), Central Board of Direct Taxes.

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Tags: ipl, it, tax, tds