News Details

Future of Indian F1 Grand Prix is getting bleak

Vettel is the only F1 driver to have won the Indian GP. Here he is seen bowing in front of his car after winning the 2013 Indian GP The return door to India Grand Prix seems to have closed for formula one. Three Indian grands prix were held near Delhi until 2013, when bureaucratic hurdles ended the deal. And now, those bureaucratic hurdles seem higher than ever before, with India's supreme court ruling that that the sport owes the government millions in tax. 'We have held that (F1 has) income that is attributable in India (and) will be taxed. The amount that is to be taxed is to be assessed by an assessing officer,' the judges ruled. Local reports said India is seeking 40 per cent of the...
Full Story »
8y ago from ThisIsF1.com 0
Share

You May Also Be Interested In...

Top Ten Tuesday: Most Grands Prix before first F1 win

Valtteri Bottas secured his first Formula One victory at the Russian Grand...
9y ago from FormulaSpy.com

Russian Grand Prix: Top three press conference

  Full transcript from the top three press conference held after the...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Luca Marini leads the way in first Le Mans MotoGP...

Honda rider Luca Marini topped the timesheets in the opening MotoGP free...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal defender Gabriel Magalhaes responds when asked...

Arsenal defender Gabriel Magalhaes has made his feelings clear about...
28m ago from SportsKeeda.com

Report: Arsenal told to pay £52m to sign 14 G/A...

Arsenal reportedly face paying as much as £52m for the transfer of...
1h ago from CaughtOffside.com

'Difficult to predict' – Howe won't rule out...

Newcastle United manager Eddie Howe has not done much to play down talk of...
1h ago from CaughtOffside.com

Expert reveals the truth about Arsenal star being eyed...

Arsenal forward Kai Havertz may have been linked with a transfer to Bayern...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.