Recently one of the worlds richest sports board ICC was given 45 crores tax exemption by the Indian Government. This move has been questioned even by the members of the ruling party. The board has no shortage of funds. Given that Sharad Pawar was present in the Union Cabinet meeting and he is the current chairman of ICC, we can understand at whose behest this tax exemption has been given. The question is was it necessary to give this tax exemption. This was at a time, when the government is at shortage of funds and budget of Sports Ministry for various events is being slashed. Prafful Patel, a MP from the same party as of Sharad Pawar suggested that law provides for such an exemption. But if that is the case why tax these boards at all. Do we will always looks for the loopholes in laws. The democratic tax system always say that take taxes from those who are capable and give to those who are not taxable.
Also ICC recently banned journalists from the matches but after some backlash they allowed the journalists to cover the matches.
Do you think its such a good move.
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