Tax red flags loom as Fifa U-17 World Cup kicks in on October 6

The tournament is on October 6-28 at six venues, with the final at Kolkata

The coming Under-17 FIFA (Fédération Internationale de Football Association) World Cup in India will not only be followed by football fans around the world but also by Indian tax officials, expected to keep a close watch on the three-week event in October.
 
This follows the Supreme Court (SC) judgment last week that held the Formula One World Championship (FOWC) in motor racing liable to be taxed in India for the F1 Grand Prix event.
 
“FIFA can be held to similar tax liability as they have a similar pattern of selling promotional rights, getting playing fields as per international