Prasar to withhold 11.7 pc of dues to SIS Live as income tax

In an official release here today, PB said, the income tax department asked the host broadcaster to withhold the amount. The release said that though host broadcaster has nothing to do with income tax as payment of IT is liability of the entity, as per the instructions of IT department necessary withholding will be done.

All payments that have been given to the entity is as per schedule approved by the competent authority -- the Ministry of Information and Broadcasting. Till date, 60 per cent of the contract value which is 147.60 crore inclusive of service tax have been paid to the entity SIS Live, it said.

SIS Live had the exclusive contract to broadcast the Games as per a contract with Prasar Bharti.

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