The Indian Government collects tax from gate receipts for all international cricket matches played in the country, but officials were hopeful an exemption will be made for the tsunami fund-raiser.
"We are awaiting word from the finance ministry, I am hopeful exemption will be granted," said Board of Control for Cricket in India (BCCI) official Rajiv Shukla.
Indian cricket supremo Jagmohan Dalmiya and federal sports minister Sunil Dutt met finance minister P. Chidambaram on Tuesday to seek a tax waiver for the match, Shukla said.
The first of the two fund-raising matches was played in Melbourne on Monday between Asia and the Rest of the World team and generated 11 million dollars in revenue.
The second match is likely to be played at the 95,000-seater Eden Gardens in the eastern Indian city of Kolkata between February 12 and 16.
"We are working on the details and this should be announced in a few days after we have received confirmation about the tax waiver," said Shukla.
An estimated 1,60,000 people have been killed and thousands made homeless by the giant tsunamis that hit Asian coastlines on December 26 following an earthquake off the Indonesian coast.
The BCCI also sought tax exemption for the Champions Trophy Limited Overs tournament it hosts in October next year.
The tournament, featuring all 10 Test-playing nations and two other teams, is held every two years to raise funds for the International Cricket Council's (ICC) development programme.