Government collected TDS of nearly Rs 400 crore from IPL-III

The Income Tax department probing alleged financial irregularities in the IPL has collected TDS of nearly Rs 400 crore from the third edition of the T20 tournament. The department has accrued the amount as Tax Deducted at Source (TDS) from the remuneration paid to players, umpires, coaches, commentators and from payment of overseas publicity rights.

I-T authorities are putting together the “final figures” of TDS collections as they are collecting information from various of their offices across the country where the IPL franchises are registered.

“The TDS collections from the third edition of the IPL are cruising towards Rs 400 crore-mark. The department is finalising the collections from across the country,” a top I-T officer said.