CBDT Notifies Income Tax Exemption to FIFA

CBDT Notifies Income Tax Exemption to FIFA

Under Clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961)

CBDT Notifies Income Tax Exemption to FIFA

Central Government hereby notifies the following as the international sporting event, persons and specified income for the purposes of the said clause namely

(a) Federation Internationale de Football Association Under-17 Women’s World Cup, 2022 as the international sporting event;

CBDT Notifies Income Tax Exemption to FIFA

Central Government hereby notifies the following as the international sporting event, persons and specified income for the purposes of the said clause namely

(b) the Federation Internationale de Football Association, as the person;

CBDT Notifies Income Tax Exemption to FIFA

Central Government hereby notifies the following as the international sporting event, persons and specified income for the purposes of the said clause namely

(c) income arising from the receipts from National supporters namely:-

CBDT Notifies Income Tax Exemption to FIFA

Central Government hereby notifies the following as the international sporting event, persons and specified income for the purposes of the said clause namely

Hero Motocorp Ltd., the Department of Tourism, Government of Odisha, the National Thermal Power Corporation Limited and the Power Grid Corporation of India Limited

CBDT Notifies Income Tax Exemption to FIFA

Central Government hereby notifies the following as the international sporting event, persons and specified income for the purposes of the said clause namely

Rs. twelve crores and fifty lakhs only (Rs. 12,50,00,000/-) as specified income arising to Federation Internationale de Football Association, from organising the Federation Internationale de Football Association, Under-17 Women’s Football World Cup, 2022 in India.

CBDT Notifies Income Tax Exemption to FIFA

Central Government hereby notifies the following as the international sporting event, persons and specified income for the purposes of the said clause namely

FIFA: FIFA exists to govern football and to develop the game around the world. Since 2016, the organisation has been fast evolving into a body that can more effectively serve our game for the benefit of the entire world.

CBDT Notifies Income Tax Exemption to FIFA

The new FIFA is modernising football to be global, accessible and inclusive in all aspects. Not just on one or two continents, but everywhere.

CBDT Notifies Income Tax Exemption to FIFA

[Notification No. 126/2022/F. No. 200/8/2022-ITA-I