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IT department to land up with Rs 4 bn catch from IPL3
 

Indiantelevision.com Team

(3 May 2010 10:45 pm)

 

MUMBAI: The Income-Tax department could end up with a Rs 4 billion catch from the third edition of the cash-rich Indian Premier League (IPL).

The TDS (tax deducted at source) has been accumulated by the I-T officials from the remuneration paid to players, coaches, commentators, umpires and from payment of overseas publicity rights.

"The TDS collections from the third edition of the IPL are cruising towards the Rs 4 billion-mark. The department is finalising the collections from across the country," PTI said, quoting a top I-T officer.

The department, which is investigating into the financial irregularities of the league, is yet to put a final figure on the TDS collections. They are collecting information from several of their offices across the country where the IPL franchises are registered.

 
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