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‘Itna bhi Paisa hote hai kya’ - Fans react as Indian Cricket Board pay INR 1,159 crore income tax in 2021-22

Here is how fans have reacted as the Indian Cricket Board pay INR 1159 Crore income tax in the financial year 2021-22

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Jay Shah, Secretary of Indian Cricket Board

Jay Shah, Secretary of Indian Cricket Board (Image Source: Twitter)

Indian Cricket Board are known as the richest cricket board in the world. Over the years, this Board have always proved that and now, this Board hit the headlines again as they paid INR 1,159 crore income tax in 2021-22. Eventually, it is 37 per cent higher than the previous year. The Minister of State for Finance Pankaj Chaudhary gave details of this in reply to a question in the Rajya Sabha.  

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In 2017-18, the Indian Cricket Board paid INR 596.63 crore while in 2018-19, they paid INR 815.08 crore. After that, in 2019-20, they paid INR 882.29 crore while in the financial year 2020-21, they paid INR 844.92 crore. In the financial year 2021-22, they earned a revenue of INR 7,606 crore while their expenditure was close to INR 3,064 crore. In 2020-21, their income was INR 4,735 crore and expenditure at Rs. 3,080 crore. Seeing that, fans shared their views on social media. 

Indian Cricket Board are in talks with any company to provide free drinking water to fans during the 2023 ODI World Cup  

However, the Board are currently busy as the schedule of the upcoming ODI World Cup is all set to get rescheduled. Initially, a schedule got announced but due to some concerns, some dates are set to get changed. The secretary of the Board, Jay Shah, after a meeting a crucial meeting in Delhi on 27 July, said that no e-ticket facility will be provided for the mega event. He said: “We can’t use e-tickets this time around but will ensure to have physical tickets redemption at 7-8 centers well in advance. But physical ticket needs to be retained.” 

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Shah also said that the Board are in talks with any company to provide free drinking water to fans during the World Cup. He said: “We will tie-up with company like Coca-Cola, which is official partner of ICC too. Coca-Cola’s water brand Kinley will be served in the stands. That’s what we are trying. Whether it will be packaged water bottle or by glass, we will get to know soon because there are some constraints with regards to bottle. Whatever it will be, it will be completely free.”  

Here is how fans have reacted:

 

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