ICC has no such thing called "gaging" well it could lay million conditions. that right these let indian media go ahead do what you want to do we will what will happen
See the Governance. Govt decided to tax PF Withdrawls which is the life line poor class and middle class, exempt the Income of ICC in Crores and Crores of rupees. This they call Governance.
Salary people do not have a Orginased United Forum, and split across Political parties. So the Govt cheat them and support big fish like ICC - to leagally loot in Crores.
Cricket World Cup gets Rs.45 crore tax relief The International Cricket Council (ICC) has landed a Rs.45 crore ($10 million) bonanza with the Indian cabinet Thursday exempting the income earned during the World Cup from tax. At a meeting presided over by Prime Minister Manmohan Singh, the cabinet approved the finance ministry's proposal to exempt the 2011 World Cup from income tax. "The financial implication will be nearly Rs.45 crore," the finance ministry said in a statement. The cabinet had approved a proposal in 2005 to amend the Income Tax Act, 1961, to exempt the income of both residents and non-residents arising from an international sporting event conducted in India. ---------------------------------- Indian Govt decided to tax pf withdrawls. TDS from Premature Withdrawals of Provident Fund - posted on March 31, 2011 by Jerry Jose Withdrawal of Provident Fund may attract Income Tax. The Income Tax Department recently told EPFO (Employees Provident Fund Organisation) to deduct Tax (TDS) from the withdrawal amount, if the withdrawal happened before completing five years of
Re: Tax on PF Withdrawals by Salary Calss/ Exemptio to ICC for Cr
by Partha Das on Apr 02, 2011 10:48 AM
Absolutely right. This goverment is using these sops & operas to fool common people of their actual problems. Moreover why a profitale buisness orgainastion named ICC & another BCCI ( this is a club only) headed by it's corupt leader be given TAX soups when the common man bleed RED & not BLUE
ICC managed to draw a benefit of Rs 45 crores when some stupid indians are buying mumbai one final tickets in black at Rs 1.5 lakhs.It is nice to Know that both the indian Government and the public are equally stupid and idiot. The problem with Indians is that their memory recall is very short. Long long ago, it was confirmed that BCC is a State within a State. Now, our greatest Indian Leader and the missed P.M ( next to Advani) and my adorable leader (when i was 19 years old), should be an Indian and stoop so low as to manupalite the Indian givernment and the general public to give tax sops to ICC. The Indian Customs have confisicated the world cup and demanding tax of about Rs 40 Lakhs. It is rather a pity that some National leader are indeed selfish and would ditch the country to manage a few pennies for the white masters and their Mickey mouse children. God bless india,
Re: BCC IS A STATE WITHIN A STATE
by mohammed shahjahan on Apr 02, 2011 01:52 PM
they deserved this only, Indian are well known for it, don't worry.its possible for BCCI to bring the world cup without these messing..otherwise from where they give Pakistan the money to loose.
