BCCI should be taxed as it is no more a national sporting body
It might sound absurd that the world’s richest sporting authority needs tax exemption. That’s the state of affairs at present with the Board of Control for Cricket in India (BCCI). In a request to the Indian government, the board demanded that it be recognized as an NGO and given some tax waivers.
However, if one goes by numbers, BCCI is one of the richest sporting bodies of the world today and mints tremendous wealth through various commercial and private tie-ups. The IPL franchise model is a crying instance of how BCCI is now more of a commercial organisation rather than a board to promote sports in the country. The board is now more concerned with its own bottom line rather than the cause of cricket and cricketers. Even in the recent past, BCCI has not started any coaching centres, awareness programs or training camps to promote the game and has not constructed any sporting complexes either. As a matter of fact, tax exemption for BCCI was withdrawn in 2007 as it was observed that the board was no longer a body working for national sporting interests.
However, if one goes by numbers, BCCI is one of the richest sporting bodies of the world today and mints tremendous wealth through various commercial and private tie-ups. The IPL franchise model is a crying instance of how BCCI is now more of a commercial organisation rather than a board to promote sports in the country. The board is now more concerned with its own bottom line rather than the cause of cricket and cricketers. Even in the recent past, BCCI has not started any coaching centres, awareness programs or training camps to promote the game and has not constructed any sporting complexes either. As a matter of fact, tax exemption for BCCI was withdrawn in 2007 as it was observed that the board was no longer a body working for national sporting interests.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Best B School India
Management Guru Arindam Chaudhuri
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IIPM's Management Consulting Arm-Planman Consulting
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
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