Over the last five years, the Board of Control for Cricket in India (BCCI) has paid a total of Rs 4,298 crore in income tax. Contrary to common assumption, the BCCI has regularly met its income tax responsibilities, despite generally perceived tax exemption. Pankaj Chaudhary, Union Minister of State for Finance, stated this during a statement in the Rajya Sabha on Tuesday, August 8.
2021-22 ₹1159 crore
2020-21 ₹844 crore
2019-20 ₹882 crore
2018-19 ₹815 crore
2017-18 ₹596 crore
The BCCI has paid a total of Rs 4,298.12 crore in income tax in the last five years. The following are the breakdowns of these tax payments: 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, and an extra Rs 1,159.20 crore in the most recent fiscal year.
“(a) Whether the Government is aware that the Board of Control for Cricket in India (BCCI) is the world’s second wealthiest sports body, and if so, could the BCCI’s income and expenditure over the last five years be provided?”
(a) Has the BCCI made any income tax payments in the recent five years, and if so, might the details be provided?
(c) If not, might the reasons for this be provided?”
The BCCI made a revenue of 7,606cr during the 2021-22 fiscal year, and submitted an income tax of 1,159cr. pic.twitter.com/enbBBFyubf
— Mufaddal Vohra (@mufaddal_vohra) August 9, 2023
In response, the minister noted that the government does not keep data on sporting bodies on a global basis. Nonetheless, he presented the income and expenditure details as per the income tax returns filed over the previous five years, which revealed that the BCCI had a surplus of Rs 4542 crore in the 2021–22 fiscal year itself, in addition to nearly INR 1650 crore and INR 2700 crore in the 2020–21 and 2019–2020 fiscal years, respectively. The Indian cricket board had paid the aforementioned taxes.
The BCCI has paid 4298 Crores income tax in the last 5 years. pic.twitter.com/IiUhKHwfe9
— CricketMAN2 (@ImTanujSingh) August 9, 2023