International Cricket Council (ICC) asked the Board of Control for Cricket in India (BCCI) to pay Rs uline{1cm} crore as compensation for the tax deductions incurred in hosting the 2016 World T20.

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

International Cricket Council (ICC) asked the Board of Control for Cricket in India (BCCI) to pay Rs _________ crore as compensation for the tax deductions incurred in hosting the 2016 World T20.

A	152
B	161
C	148
D	174

Explanation:

Detailed explanation-1: -BCCI is registered as a charitable organization and its income is exempt from tax, subject to fulfilment of conditions imposed under the Income Tax Act, 1961.

Detailed explanation-2: -The BCCI will pay tax of 960cr on behalf of ICC for 2023 World Cup. (Reported by Cricbuzz).

Detailed explanation-3: -BCCI has a lion’s share of around 80% in the annual revenue of ICC. According to last year’s data, the annual income of BCCI was around 3800 crore. This figure is the highest among all the cricket countries. Due to this reason, BCCI at times has enjoyed unofficial supremacy at ICC.

There is 1 question to complete.