BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.
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Shailesh Charan
Sophisticated in you... • 3m
TALENT IS OVERRATED—CONSISTENCY WINS❗
You don’t need to be the smartest or the most talented—you just need to show up every single day. The ones who stay consistent, even when they don’t feel like it, are the ones who make it. Keep grinding, keep pu
Taxes on IPL tournaments: ZERO %
Taxes on Research & Development: 18 %
Tax on IPL tickets for common people 18% + GST
28% + Entertainment Tax
Shows the messed-up priorities in this country !
“I need to think about it” means two things:
1. They don’t feel the desire to own it.
2. You didn’t trigger enough emotion to make them act.
Logic doesn’t close.
Emotion does.
If the fear of loss > reward, they’ll walk.
Make the upside irresistibl
I just saw a post on RVCJ’s Twitter, and it’s honestly scary it seems like even banks aren’t safe anymore. This isn’t some small incident. Money is being taken out of people’s accounts, and then the customers are getting blocked to get notifications.
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4 replies13 likes
Mayank Kumar
Strategy & Product @... • 1y
What do you think the take on this should be?
What should the government do to keep this from happening?
This year almost 5300 millionaires are ready to leave India to countries like UAE.
Do you think India lacks in providing for its citizens?
Few
Taxpayer earns ₹1 → Govt takes 31.2%.
He buys a product → Add 5 to 28% GST.
Spends on fuel → 50% tax.
Saves money → Taxed again.
But no, he’s not oppressed.