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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ASMT-10 received from A O
- Average Cost Of High Quality Diamonds
- Due Date Clarity
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- IT returns for fresh job holders
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
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
