IPL TAXES
Won money on Dream11, My11Circle? Know income tax rules for this casual income
Dream11 win: Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as per tax experts. However, taxpayers are not aware of the tax rate applicable on casual income earned. Read on to know the latest income tax rules if money is earned from sports betting, and the penal consequences if it is not reported.
Bengaluru professor asks for more focus on research to help India surpass US, China, and Germany
The Indian Premier League generates massive revenue. The author proposes taxing a portion of IPL profits. These funds could boost research and innovation. Currently, research faces taxes while entertainment gets subsidies. The author argues India prioritizes quick returns over long-term investments in science. A shift in priorities is needed. This will build a stronger future for the nation.
Nazara to add Rs 800-1,000 crore to M&A war chest: Nitish Mittersain
Nazara Technologies is targeting global gaming studios with established intellectual properties, strong teams, annual revenue of around Rs 100 crore and an earnings margin before interest, taxes, depreciation and amortisation (Ebitda margin) of at least 20% for acquisition.
Tax vax on non-tech VC funding?
India's startup ecosystem, despite being the third largest globally, disproportionately favors consumer-tech over deep-tech innovation like AI and semiconductors. This imbalance, with over 60% of VC funding directed towards consumer-facing ventures, hinders long-term national competitiveness.
Dhoni, Kohli-starrer IPL triggers cricket betting rush and operational nightmare for banks
IPL 2025: The Indian Premier League's popularity fuels a massive gambling market, straining Indian banks' IT infrastructure as they manage a surge in real-time transactions via the Unified Payments Interface. Banks face pressure to maintain seamless service for betting platforms while combating fraud and money laundering.
Probability favours them: 2 sectors, 7 stocks which might be higher by this time next year, just because of one habit
Uncertainty is what the stock market hates most. The way the tariff crisis is panning out globally, chances are that the markets will be in a state of uncertainty for much longer than most of us imagined. Look at how President Trump responded on the Iran issue, suggesting he is open to a military option. So, one or the other Trump-induced crisis will continue to roil the street. Now, in such conditions, there is a likelihood that money will flow to stocks of companies which may not show very high growth, but always have a steady growth, whatever the economic conditions may be.
Cricket fever fuels surge in pay-TV subscriber base
India's pay-TV sector is experiencing a resurgence, adding 1.3 million subscribers recently. Industry executives attribute this growth to high-demand sports events like the IPL and ICC Champions Trophy. This reverses previous subscriber losses to free platforms and streaming services. JioHotstar's decision to put cricket behind a paywall has eased pressure, benefiting traditional pay-TV providers.
India's love affair with binary betting: From stock gains to IPL odds, it's all a gamble
Opinion Trading is gaining currency by the day as investors are flocking to these platforms after the F&O crackdown. They are also weaning traffic away from fantasy leagues and real money games. These VC backed platforms thrive in an environment of zero regulations. With Rs 50,000 crore of annual volumes, these off-exchange opinion trading is nothing short of hardcore alternatives to spread bets. SEBI should intervene at the earliest .
DGGI blocks 357 illegal online gaming websites, attaches 2,400 bank a/cs
The Finance Ministry has blocked 357 websites of illegal offshore online gaming firms and frozen around 2,400 bank accounts. The crackdown targets 700 e-gaming companies under the GST Intelligence radar for tax evasion. Public is urged to avoid engaging with these platforms, despite celebrity endorsements.
Enforcement actions against online money gaming firms intensified ahead of IPL season
The Directorate General of Goods and Services Tax Intelligence (DGGI) has intensified enforcement against 700 offshore online gaming entities evading GST. The crackdown includes blocking 357 illegal websites and freezing bank accounts linked to these entities. The public is advised to avoid engaging with such platforms due to financial and security risks.
DGGI lens on 700 offshore online money gaming cos ahead of IPL
The DGGI has intensified actions against offshore online gaming entities engaging in illegal betting as the IPL begins. Approximately 700 entities are under scrutiny, with 357 websites blocked and 2,000 bank accounts provisionally attached. The department also arrested three persons linked to facilitating online money gaming in India.
RCB to travel 17,000 km during IPL 2025: Here's how much distance the other teams will cover
As the IPL season approaches, players are set for significant travel, with some teams covering over 17,000 kilometers. Despite the rigorous schedule, players like Abhishek Porel and Karun Nair emphasize the importance of mental resilience and love for the game. Teams will navigate different venues across the country, showcasing their dedication to cricket.
Fast, cheap, and tax-free: Why Indians like Lalit Modi are turning to Vanuatu for quick citizenship
Vanuatu's Prime Minister directed the cancellation of Lalit Modi's passport after reports suggested he acquired it to avoid extradition. Vanuatu's quick citizenship process appeals to NRIs seeking tax benefits, financial privacy, and visa-free access. This move highlights the ongoing international pursuit of legal accountability.
BCCI invites expression of interest from agencies for IPL media buying
The BCCI is seeking an agency to manage media buying and strategy for the IPL 2025. The selected agency will handle television, radio, digital, print, and outdoor advertising with a budget of Rs 30 crore. Agencies must submit comprehensive media plans by 13 March, including past work and innovative ideas to boost IPL visibility.
Fantasy sports firms bet big on cricket to increase the run rate
The fantasy sports industry is banking on the ICC Champions Trophy and the IPL to drive user growth despite the 28% GST impact. Dream11 and My11Circle are making significant marketing investments and finalizing sponsorships, aiming to increase their user base and brand engagement through strategic partnerships.
IPL not liable to tax, it's sport promotion, rules ITAT
The Income Tax Appellate Tribunal (ITAT), in an appeal filed by the BCCI, upheld the arguments of the sports body that even though it's making money through the Indian Premier League (IPL), the object of promoting cricket remains intact and hence its income should be exempt from tax.
Bombay HC clean chit to Pawar in IPL tax case
The petitioner had alleged that because of Pawar's association with the BCCI, the state government did not impose the tax on this year's IPL.
Come clean
Make the Indian Premier League (IPL) stakeholders accountable.
I-T dept may spoil BCCI's IPL party
I-T authorities are getting ready to invoke the recent changes in the law which would render it difficult for BCCI to avoid paying tax. Cheerleaders in IPL T20 | Biz of IPL
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