IPL

This query is : Open

RITESH KHANDELWAL (Querist)
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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

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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04 May 2009 Refer to the icai journal of March 2009 for detail study on IPL.

taxindiaconnect

taxindiaconnect (Expert)
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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).

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