The actors to whom these notices were sent were asked to share what quantity they were paid by production homes like Yash raj Films and Salman Khan Films, whereas producers were asked to disclose the earnings of actors like Aamir Khan and Ranveer Singh. The service tax division is attempting to shut in on ‘high-profile‘ tax defaulters and therefore the department has shifted its focus to film industry since it’s a number of the very best financial gain earners in india.
Suggesting that the understanding of tax matters within the cinema business is poor, an anonymous producer aforesaid to The Economic Times, “We are obtaining letters and notices from the tax authorities for a few times. The industry, particularly huge producers, administrators and actors, area unit on radio detection and ranging of the officers as a result of their high-profile names.”
Service Tax Notices
The report any points out that by wanting into these huge names, the CBEC has coated the most important films of the last few years as well as Ek Tha Tiger, Dhoom 3, PK, Bajirao Mastani, Bajrangi Bhaijaan and rajr.
On Monday film industry Shah Rukh Khan had received a notice from the revenue enhancement department, asking him to produce details of his investments in overseas destinations equivalent to Bermudas, British island and port.