So its time for income tax depptt to screw IPL: The Depptt has - TopicsExpress

So its time for income tax depptt to screw IPL: The Depptt has asked Delhi police to share details of their investigation in IPL betting & spot fixing scandal as there is involvement of tax evasion. The tax authorities say possibilities of money laundering and tax evasion need to be thoroughly probed. Owners of Rajasthan Royals have in the past been hauled up by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA). ED had slapped a Rs 100-crore fine on the franchise in February this year. It has also been under I-T scrutiny for violation of income-tax rules.

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