"The Board has resolved that the 2006 Champions Trophy be held in India subject to clearance on tax matters," ICC chief Ehsan Mani said after the two-day executive board meeting of the game's governing body.
"We understand that the government and the Board of Control for Cricket in India (BCCI) need more time. So we will wait till May," said Mani, who had held talks with the Indian officials last month asking for 100 per cent tax exemption.
Mani said if India failed to take a decision by May, then it would be shifted to Pakistan, who have assured full tax-exemption.
"I had talks with Mr P Chidambaram and Mr Sunil Dutt, both of whom gave a patient hearing. At this stage I believe his (Finance) ministry is looking into the matter. So obviously nothing to be concerned.
"But we have given them a deadline till May. We want a 100 per cent exemption. Tax is an issue when you plan to host major events like F1 and tennis."
Mani said he was not in favour of the BCCI offering to bear the taxes so that the event could be staged in the country.
"It would be unfair for ICC to expect BCCI to do so. Anyway, BCCI is in touch with relevant authorities," he said.