Aamir Khan, Ranveer Singh, YRF, SKF get service tax notices
Bollywood seems to have come under the scanner of taxmen as the Central Board of Excise & Customs (CBEC) has issued service tax notices top actors and production houses, seeking details of their income.
The notices were sent to Aamir Khan and Ranveer Singh asking them to disclose how much payment they received from Yash Raj Films and Salman Khan Films, while the producers were asked to reveal the amount paid to these celebrities, a leading financial daily reported on Wednesday.
The payments of these actors have come under the scanner considering that one is liable to deposit service tax if they receive their payment through the producers in tranches.
Reportedly, the CBEC is looking out for ‘high-profile’ tax defaulters who have not paid service taxes. The department has shifted its focus on Bollywood since it has some of the highest income earners in the country.
The report further stated that the CBEC has covered all the major films of the last few years including ‘Ek Tha Tiger’, ‘Dhoom 3’, ‘PK’, ‘Bajirao Mastani’, ‘Bajrangi Bhaijaan’ and ‘Sultan’.
However, these are just normal enquiries regarding disclosure of payment done and received by each of the mentioned parties and there is no case involved.
Meanwhile, Shah Rukh Khan also received a notice from the Income Tax department last Monday, seeking details of his investments in overseas destinations such as Bermuda, British Virgin Islands and Dubai. The officials aren’t sure if the actor’s investments outside were directly related to his undisclosed wealth or not.