India news March 14, 2013

BCCI to meet about massive tax bill

Friday will be a busy day at the Cricket Centre - the BCCI headquarters in Mumbai - with a host of meetings lined up. The most important will be the working committee meeting to discuss the income tax department's recent notice, and there will also be an IPL-centric conference.

The tax authorities had slapped a Rs 2300 crore notice (approx. $433m) on the Indian board following a change in the BCCI's objectives. As a result, the income tax department has not only demanded tax from the income generated through commercial properties, primarily the IPL, but they have also demanded taxes from the affiliated units of the BCCI for the share of IPL profits distributed among them.

Following the notice, the BCCI in its working meeting on February 4 in Chennai, had formed a committee headed by treasurer Ajay Shirke to suggest the plan of action. With the financial year set to end on March 31, the deadline for the income tax notice, Shirke and his committee will present their suggestions to the working committee, which will then decide the course of action.

Meanwhile, Friday is also likely to see the end of suspense over the venue for Pune Warriors' home games. With the Sahara Group, owners of the franchise, and the Maharashtra Cricket Association, the staging association, involved in a legal dispute over the title rights of the stadium on the outskirts of Pune, Sahara have been reluctant to play their home games in Pune. With the sixth edition of the IPL set to get underway in less than three weeks from now, time is running out for the IPL top brass.

The IPL authorities are also likely finalise associate sponsors for the next five years. While Hero MotoCorp Ltd, who were associated with the tournament for the first five years, have announced their decision not to continue their association with the T20 extravaganza in the same manner, the IPL executives are hoping for at least five slots to be finalised.

Amol Karhadkar is a correspondent at ESPNcricinfo