(a) The details of outstanding amount of income tax on the Board of Control for Cricket in India (BCCI) at present;
(b) the details of reasons for not paying the said tax on time;
(c) whether the Government charges any interest rate on pending income tax;
(d) if so, the details thereof; and
(e) the reformative steps taken by the Government in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI ANURAG SINGH THAKUR)
(a) The outstanding amount of Income Tax in the case of Board of Control for Cricket in India (BCCI) is as follows:
S.No Assessment Year Amount (Rs.)
1 2017-18 400,35,70,050
2 2015-16 36,21,754
(b) Demand of Rs. 572.36 crores was raised for Assessment Year 2017-18. Assessee’s appeal against the demand for Assessment Year 2017-18 is pending before CIT(A) and 30% of the tax demand has been recovered.
The outstanding tax demand for Assessment Year 2015-16 was Rs. 178,36,21,754/- and out of which Rs.178 crore has been recovered. Balance Rs. 36,21,754/- is under the process of recovery.
(c) Interest under section 220(2) of the Income tax Act, 1961 is charged on pending Income tax.
(d) The details of Interest are as under:
S.No Assessment Year Interest under section Amount (Rs.)
1 2016-17 220(2) 71,14,65,592
2 2012-13 220(2) 59,40,51,157
3 2011-12 220(2) 4,30,08,798
,
(e) 30% of the outstanding demand for Assessment Year 2017-18 has been recovered.
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