IPL makes IT department richer by 110 Crores in 15 days


The Central Board of Direct Taxes Department would have been happily smiling on their way to the bank as yet to be finished,still more to come,15 days of fetches them with 110 crores as Tas deducted at Source(TDS) payments made by the Organisers and Franchisees.

BCCI has projected an earnings of around 1 billion from this year’s IPL alone and it looks like they would go way beyond their target at the end of this year IPL.A Senior CBDT official said that the department expects to earn around Rs 200 crores in direct taxes from games related revenue by the end of IPL-3.Lalit Modi,the Chairman of the IPL estimates around Rs 4500 crores,the hopes revenues from ancillory sources like TV rights and Advertisements to earn them atleast half as big as the direct revenues from IPL tournament.The games broadcaster Sony is likely to generate income upwards of Rs 800 crores

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