Sharad Pawar asks in Rajya Sabha: Why no tax exemption to BCCI

NCP leader and former Board of Control for Cricket in India (BCCI) chief Sharad Pawar yesterday raised in Rajya Sabha the issue of BCCI not getting exemption of tax for giving Rs 50 crore for promotion of other sports in the country

New Delhi: NCP leader and former Board of Control for Cricket in India (BCCI) chief Sharad Pawar yesterday raised in Rajya Sabha the issue of BCCI not getting exemption of tax for giving Rs 50 crore for promotion of other sports in the country.

Sharad Pawar

The Mumbai Cricket Association president, Pawar, said BCCI has received a communication from the Finance Ministry that it would not be granted tax exemption as it has diverted its funds for other sports.

Pawar said around five years back when there was funds crunch, BCCI gave Rs 50 crore to sports universities for promotion of sports. Finance Minister Arun Jaitley said, "I will certainly have the matter looked into."

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