Friday, 11.21.2008, 10:03pm (GMT-7)
  Home
  FAQ
  RSS
  Links
  Site Map
  Contact
 
US Health department seeks AAPI's help in Afghanistan ; 'Developing countries victims, not cause' ; G-20 meet underscores gravity of economic crisis ; Sri Chinmoy statue at Oslo's Waterfront Centre ; US wants UN framework for prosecution of pirates
::| Keyword:       [Advance Search]
 
NAVIGATION  
  Bollywood
  Community Post
  Health Science
  Horoscope
  Immigration
  India
  Life Style
  Perspective
  Philosophy
  Real Estate
  Sports
  TechBiz
  Travel
  US News
  ::| Poll
Is their bias in Anand Jon trial?
Yes
No
Can't Say
 
  ::| Newsletter
Your Name:
Your Email:
 
 
 
Sports
 
Allowing tax deduction to Tendulkar was a mistake: IT Chief
Monday, 05.21.2007, 10:35pm (GMT-7)

MUMBAI: Allowing tax exemption to cricketers Sachin Tendulkar and Sunil Gavaskar was a mistake and the income tax department will take corrective measures soon, N B Singh, Chief Commissioner of Income Tax (Mumbai) said here.

He told reporters the department will find out how the mistake occurred. The two cricket stars were granted deduction by the department while calculating their income tax on foreign incomes which was available to certain categories like artists, sportsmen, authors among others.

However, the Comptroller and Auditor General report had pointed out that Tendulkar had earned the money in capacity of a model while Gavaskar had earned money by being a commentator, the category which also does not qualify for deduction.

PTI

    Print        Tell friend        Top


Other Articles:
Big financial cut for hockey in last three years (05.21.2007)
We are in Bangladesh to win: Rahul Dravid (05.09.2007)
Bangla team hopes to do well (05.09.2007)
India win 'grudge match' against China 5-4 (05.09.2007)
Dinesh Kaarthick weds (05.09.2007)
After rain and farce, Australia complete World Cup hat-trick (05.02.2007)
Cricket craze in Orange County (05.02.2007)
Ghei, Randhawa take Indian golf to new heights (05.02.2007)
Was there a Fatwah against Bob Woolmer? (05.02.2007)
Tendulkar playing for wrong reasons: Chappell (04.30.2007)



 
  ::| Events
November 2008  
Su Mo Tu We Th Fr Sa
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            
 
::| Hot News
Yuvraj stuns England again
Sushil, Vijender provide sparks to India's Olympic campaign
Abhinav Bindra bags Olympic gold for 10m rifle
Elusive gold
Dhoni hit for six in IPL deal
Understanding key to partnership with Yuvi, says Dhoni
Australia clinch series by taking 4-1 lead
Anand is undisputed world chess champion
India lifts Twenty20 World Cup
Another Chak De triumph for India

Contact us:
(510) 429 - 2110
[Top Page]