Yuvraj Singh Slapped with Rs.1.15 Crore Service Tax From IPL Fees and Endorsements

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Yuvraj Singh has some coughing up to do, of the monetary kind.

yuvraj singh rests during practice
yuvraj singh rests during practice

The Central Excise department has reportedly asked the Indian cricketer to pay up to the tune of Rs.1.15 crores towards service tax for income acrued through the IPL as well as endorsement deals.

Apparently there is money unaccounted for from the service tax amounting to Rs96.44 lakh earned from two IPL seasons as well as Rs19.53 lakh from participating in the TV show Dus Ka Dum. The department is breaking up the payment as Rs8.51 crore from IPL I and II, Rs99.99 lakh from winning Dus Ka Dum show hosted by Salman Butt and Rs65.30 lakh from promotional activities related to the Kings XI Punjab.

However, Yuvraj Singh's accountant has called this as unfair on the cricketer, blaming the IPL franchisee for putting the cricketer in this situation. Three other cricketers connected to the franchisee have also been served similar notices.

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