IPL
This query is : Open
04 May 2009
DearAll,
I would like toknow the following treatments in the books of Accts:-
1) Payment by owner of a team in IPL to its players.
2) Payment by Broadcaster to the owner
3) Sell of players from one team to another
I would like toknow the following treatments in the books of Accts:-
1) Payment by owner of a team in IPL to its players.
2) Payment by Broadcaster to the owner
3) Sell of players from one team to another
04 May 2009
Refer to the icai journal of March 2009 for detail study on IPL.
05 May 2009
Though I am not a right person to comment on this, however in my personal view, the following should be the treatment.
1) Payment by owner of a team in IPL to its players - Professional charges.
2) Payment by Broadcaster to the owner - Revenue receipt ( Sale proceeds )
3) Sell of players from one team to another (Reveune receipts).
1) Payment by owner of a team in IPL to its players - Professional charges.
2) Payment by Broadcaster to the owner - Revenue receipt ( Sale proceeds )
3) Sell of players from one team to another (Reveune receipts).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- STCG FOR GOLD ETFs
- Tax liability on income of freelancer
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
