Govt will establish fresh regulations and ways to impose additional tax on existing taxpayers but won't amend laws to include BCCI in the tax bracket, one of the World's richest sports body that generates many thousands of crores each year, yet pay no taxes. BCCI earns more than GDP of many Indian states but pays no taxes.
Speak up people and LC manager survey please. Your surveys make things happen. more
The Appelate Tribunal in Mumbai decided in favor of BCCI in 2021 as 'not liable to pay tax' since they are promoting CRICKET in the country. This is laughable and very erroneous on the face of it. This is purely a commercial activity involving thousands of crores. BCCI MUST PAY TAXES. FINANCE MINISTRY AT THE CENTRE MUST STEP-IN SUITABLY TO ENSURE THAT TAXES ARE PAID BY THE BODY AND RECOVER ARREARS TOO. more
BCCI are having and àdding a lot of surpluses every year. Govt should find out what they're spending on sport promotion though affiliated Associations.and what they are spending on IPL. IPL is big business. Tickets, sponsorships, emoluments to players, staff etc. Everything is extraordinarily higher.. Absolutely no reason to give any concessions in taxes. Infact I feel there is lot of wastage of foreign exchange. Each team brings in many foreign associates who are not necessary. Companies spend high amounts on advertisements, sponsorships. TV channels are more interested in showing advertisements than on field activies. Every TV advertisement should be charged 10% cess towards sacrified army men's families and funds to help Farmers. more
We need football more than the cricket. As such BCCI should be taxed @tobacco as perhaps it does more harm than any other sporting events. But none will bring any laws as Political Masters are in the helm. more
Income of BCCI must be taxed with immediate effect if not retrospective. BCCI is not a charitable institution but run as a business enterprise. So tax laws to be amended forthwith. more
Most important is indexation on real estate/property is gone with this budget. Now if you bought a property in 2004 for 25 lacs and plan to sell the same now. earlier you would have got benefit of ...
1)India's inflation continues to be stable and moving towards 4 pc target; core inflation stands at 3.1 pc. 2)India's economic growth continues to shine. Global economy is still in the grip of...
Today's Economic Survey has spoken some very harsh truths. I'm not only talking about stock market speculation. It says 50% of Indian graduates are not employable 65% of peopl...
Yesterday a friend’s relative in Auranagabad died in the gym while exercising. Sudden death due to heart attack. (Attached video) LocalCircles i remember had raised this issue in D...
Indian banking system is a loot and print media is hand in gloves. They dont write about issues people face. Here is a first hand experience: Wanted my SBI savings acc statem...
Earlier pre Covid I remember LC Manager used to do budget surveys which would then be escalated to Finance Minister. Why has LocalCircles stopped this exercise? We as people should deman...
Excellent work LC Manager on escalating this call connection and drop issue. Most amazing thing is Govt let them increase tariff without any accountability.
Our print media has become totally spineless. Despite all the 3 telcos increasing mobile tariffs one by one within 2-3 days, none of our business or general papers were able to show some guts and q...
Here is What is wrong with this country -The PM meets youtubers, billionaires,cricketers but not the victims of various tragedies and scams. - People were seen carrying dead b...