The Cabinet will consider International Cricket Council (ICC) request on tax exemption under section 10 (39) of Income Tax Act.

Earlier, the ICC had sought income tax exemption from the Indian government by submitting all the relevant papers to manage its profits/foreign exchange generated at the events in the way it deems fit.

In 2006, while hosting the Champions Trophy, the Board of Control for Cricket in India (BCCI) had struggled to get tax exemption.

For Details of Section 10(39) of Income Tax Act,1961 Check below.

Section 10(39) of the Income-tax Act, 1961 Exemptions Notified persons, notified sporting events and Specified income

NOTIFICATION NO 91/2009

Dated: December 8, 2009

In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, -

(a) the Organising Committee Commonwealth Games, 2010 Delhi , India as the person;

(b) the following income as specified income arising to Organising Committee Commonwealth Games, 2010 Delhi, India from the organising Commonwealth Games, 2010 Delhi, India:-

(i) income arising from the receipt from International Broadcasting – rupees one hundred eighty two crore (seventy per cent. of rupees two hundred sixty crore);

(ii) income arising from the receipt from domestic broadcasting – rupees sixty six crore (sixty per cent. of rupees one hundred ten crore);

(iii) income arising from the receipt of sponsorship – rupees nine hundred sixty crore;

(iv) income arising from the receipt of ticketing – rupees hundred crore;

(v)  income arising from receipt of licensed merchandise – rupees fifty crore;

(vi)  income from Donations of rupees hundred crore, for the purposes of the said clause.

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