Play Fantasy Cricket & Win

Cash Daily! Click here

Home > News >

Kings XI Punjab co-owner Preity Zinta gets service tax notice for KPH Dream Cricket

Kings XI Punjab co-owner Preity Zinta gets service tax notice for KPH Dream

Preity Zinta co-owns the Indian Premier League franchise Kings XI Punjab © Getty Images

Chandigarh: Jul 18, 2013

The Central Excise Department on Thursday, said it has slapped a service tax of Rs 6 crorer on Preity Zinta co-owned KPH Dream Cricket, who are part owners of Indian Premier League (IPL) franchise Kings XI Punjab.

“We have served a notice on KPH Dream Cricket, seeking service tax payment of Rs 6 crore,” an official of Chandigarh zone of Central Excise Department informed here today.

Zinta co-owned KPH Dream Cricket has been asked to pay service tax on the services categorized under Business Support Services and Manpower supply, official further said.

Official further said that the tax demand was raised pertaining to fourth edition of IPL.

Notably, KPH Dream Cricket had reported that its net loss had come down by 95 per cent to Rs 1.52 crore for the financial year 2011-12 in comparison to loss of Rs 35.26 crore for 2010-11, as per financial documents including profit and loss account filed with Registrars of Companies here.

KPH Dream had reported total revenue of Rs 90.16 crore in 2011-12, up by over 80 per cent from the revenue clocked in corresponding period, as per company’s financial statements.

According to the shareholding pattern in the company, actress Preity Zinta and industrialist Ness Wadia have 23 per cent stake each while rest is owned by another industrialist Mohit Burman, Karan Paul Chairman of Apeejay-Surrendra Group among others.

Indian T20 League 2014

Apr 24, 2014 (20:00 IST)   at Sharjah

Indian T20 League 2014

Apr 25, 2014 (16:00 IST)   at Dubai

Indian T20 League 2014

Apr 25, 2014 (20:00 IST)   at Dubai

Indian T20 League 2014

Apr 26, 2014 (16:00 IST)   at Abu Dhabi

Indian T20 League 2014

Apr 26, 2014 (20:00 IST)   at Abu Dhabi

More

Indian T20 League 2014

Apr 23, 2014  at Dubai

Chennai Super Kings won by 7 runs

Indian T20 League 2014

Apr 22, 2014  at Sharjah

Kings XI Punjab won by 72 runs

Indian T20 League 2014

Apr 21, 2014  at Abu Dhabi

Chennai Super Kings won by 93 runs

Indian T20 League 2014

Apr 20, 2014  at Sharjah

Kings XI Punjab won by 7 wkts

Indian T20 League 2014

Apr 19, 2014  at Dubai

Delhi Daredevils won by 4 wkts

Photos

CSK vs DD, IPL 2014 Match 8 at Abu Dhabi

Videos

IPL: Tanmay Mishra talks shows the contents of his kit

Sachin Tendulkar — One of the hardest terms to optimise for any SEO professional

Sachin Tendulkar changed the fortunes of cricket journalists in India

Sachin Tendulkar — the greatest batsman of India

Sachin Tendulkar: A timeless fairytale

Sachin Tendulkar: The child, the father, but sexy? Not quite

Chennai Super Kings Delhi Daredevils Glenn Maxwell India IPL IPL 7 IPL 2014 Kings XI Punjab KXIP vs SRH KXIP vs SRH 2014 MS Dhoni Rajasthan Royals RR vs CSK 2014 Sanju Samson Sunrisers Hyderabad

Sachin Tendulkar turns 41, celebrating birthday away from cricket field

IPL 2014 set to break all records

Saleem Malik hits out at PCB for not reviewing his life ban

IPL 2014: Ravindra Jadeja says he enjoys bowling after Chennai’s win over Rajasthan

David Miller believes three consecutive wins in IPL 2014 ‘phenomenal’ for Kings XI Punjab

Sachin Tendulkar – The century of centuries in tweets

Sachin Tendulkar — One of the hardest terms to optimise for any SEO professional

Sachin Tendulkar changed the fortunes of cricket journalists in India

Happy Birthday, Sachin Tendulkar — The lesser known records

Happy birthday, Sachin Tendulkar: April 24 in history of cricket

Fan of the Day

Suraj Gowda

Suraj Gowda

622 Posts | 7 Fans

Video Highlights: Virat Kohli's 77 during India vs Sri Lanka ICC World T20 2014 final at Dhaka

Champions League: Real Madrid hold on to 1-0 win against Bayern Munich

Sachin Tendulkar turns 41: 19 interesting things to know about the Master Blaster

Sonakshi Sinha beats Akshay Kumar in basketball – Watch video!

Courage Beyond Compare – a tale of disabled athletes

Apple iPhone sales in India grew 55% year-on-year

Apple Q2 2014 earnings: 43.7 million iPhones, 16.3 million iPads sold

Is Cameron Diaz planning holiday for Gwyneth Paltrow?

Now an ICU in your home — at a much cheaper cost!

Also on cricketcountry.com