हिन्दीಕನ್ನಡമലയാളംதமிழ்తెలుగు

Tax penalty awaits tainted cricketers

Published: Sunday, December 17, 2000, 23:53 [IST]
 
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New Delhi: The Income Tax department is likely to issue notices next week to five cricketers-Manoj Prabhakar, Ajay Jadeja, Ajay Sharma, Nikhil Chopra and Navjot Singh Sidhu- for concealing large chunks of their earnings for which they would be liable to pay hefty taxes at penal rates. Also, the appraisal report for former skipper Kapil Dev's ''undisclosed income'' is getting final touches and is expected to be dispatched to the assessing officer in a few days, department sources said. ''In case of Kapil, the entries are very large in number and the scrutiny is taking time,'' the sources said. ''We have found undisclosed income to the tune of crores of rupees with the cricketers,'' the sources said adding that the players would have to file block returns for ten years from 1990-91 to 2000-2001 within a month. On their undisclosed income, the players will have to pay a penal tax rate of 60 per cent. In normal cases, the rate of the highest tax slab is at 34 per cent. ''If after filing of the block returns, some more undisclosed income is found, the penal rate of tax can be in the range of 100 per cent to 300 per cent and the department can launch prosecution against them,'' an official said on condition of anonymity. The sources said the department would file supplementary appraisal reports after the players file their block returns. The sources said appraisal reports of bookies and others, including some BCCI officials, would be ready shortly. In the national capital, the department has designated two officers to deal with the appraisal reports and returns of the players and bookies. The reports of Jadeja, Prabhakar, Ajay Sharma and Nikhil Chopra have been sent to the assessing officers in Delhi, while Sidhu's report is with the assessing circle in Patiala. The report of former skipper Mohammad Azharuddin had been submitted earlier in Hyderabad. In the wake of match-fixing allegations and in the midst of CBI inquiry into the sordid affair, the IT department had carried out nationwide raids on July 20 on the residential and business premises of these cricketers, former ICC chairman and Cricket Association of Bengal (CAB) president Jagmohan Dalmiya and Board treasurer Kishore Rungta, a host of bookmakers and Worldtel chief Mark Mascarenhas, among others. During the raids, the department officials had seized a large number of incriminating documents, bank accounts and other relevant papers regarding their earnings from various sources. The Enforcement Directorate (ED) is reportedly looking into their earnings in foreign exchange, particularly through the hawala channels. UNI

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