U/s 10(39) of IT Act 1961 – Central Government notifies the international sporting event, persons and specified income for the purpose of the said clause

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 85/2017

New Delhi, the 26th September, 2017

(INCOME-TAX)

S.O. 3129(E).-In exercise of the powers conferred by clause (39) of the section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following as the international sporting event, persons and specified income for the purpose of the said clause namely:-

(a) Federation internationale de Football Association under-17 Football World Cup as the international sporting event;

(b) the Federation internationale de Football Association, as the person;

(c) the following income as specified income arising to Federation internationale de Football Association, from organising the Federation internationale de Football Association under-17 Football World Cup, 2017, India:-

(i) income arising from the receipt from National supporters namely Hero Motocorp Ltd., Bank of Baroda and Coal India Ltd. – rupees twenty-nine crore eighty-nine lakhs fifty-two thousand and two hundred and fifty-two (Rs. 29,89,52,250) only; and

(ii) income arising from the receipt of ticket sales –rupees six crore eighty-one lakhs fifteen thousand one hundred and forty-eight (Rs. 6,81,15,148) only.

[F. No. 200/24/2017-ITA-I]

DEEPSHIKHA SHARMA, Director (ITA-I)

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Category : Income Tax (28360)
Type : Notifications (16079) Notifications/Circulars (32636)

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