IPL
This query is : Open
RITESH KHANDELWAL
(Querist)
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
CA Suresh Choudhary
(Expert)
04 May 2009
Refer to the icai journal of March 2009 for detail study on IPL.
taxindiaconnect
(Expert)
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).
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