Why does BCCI Pay NO TAXES? | How BCCI Became the Richest? | BCCI Business Model

 


The Board of Control for Cricket in India (BCCI) is one of the most powerful and richest sports governing body in the world. It is the governing body for cricket in India and is responsible for the promotion and development of the sport in the country. It is also one of the few sports governing bodies that are exempt from paying taxes, thanks to its status as a Public Charitable Trust.

So why does the BCCI not have to pay taxes? The BCCI is recognised as a Public Charitable Trust by the Indian Income Tax Department. This means that it is exempt from paying taxes on any income it earns from the activities related to cricket. This includes income earned from television rights, sponsorships and ticket sales. The BCCI is also exempt from paying taxes on its investments, as these are considered to be charitable donations. So, how did the BCCI become so rich? The main source of income for the BCCI comes from television rights. This is a lucrative source of income as the BCCI is able to negotiate huge amounts of money from the broadcasters for the rights to broadcast the matches. The BCCI also earns money from sponsorships and ticket sales. The BCCI also makes money from the sale of merchandise and other products related to cricket. The BCCI also has a very successful business model. It is able to generate huge amounts of money from the sale of television rights, sponsorships and ticket sales. The BCCI also has a very efficient management system in place, which ensures that all the money earned is properly utilised. In conclusion, the BCCI is one of the few sports governing bodies that are exempt from paying taxes. This is due to its status as a Public Charitable Trust. The BCCI is also able to generate huge amounts of money from the sale of television rights, sponsorships and ticket sales. The BCCI also has a very efficient management system in place, which ensures that all the money earned is properly utilised. This has allowed the BCCI to become one of the richest sports governing bodies in the world.

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