In what could be called as big shocker, Bollywood's biggest hero Shahrukh Khan received a notice from the Income Tax department. This is not about tax evasion and stuff, but it is to reveal the details of his offshore investments.
Though there is any evidence or clue about SRK's investment abroad is not known, IT department asked him to submit report on his investments in Bermuda, British Virgin Islands and Dubai, say reports. An enquiry is being conducted under section 131 of Income Tax act.
In a move to curb black money and tax evasion, IT department is bringing many biggies under the scanner and it seems like Shahrukh is the first buck from Bollywood. Ever since Panama Papers have named celebs like Amitabh and Aish as secret investors in British Virgin islands, IT department is conducting inquiries to find truth.
Though there is any evidence or clue about SRK's investment abroad is not known, IT department asked him to submit report on his investments in Bermuda, British Virgin Islands and Dubai, say reports. An enquiry is being conducted under section 131 of Income Tax act.
In a move to curb black money and tax evasion, IT department is bringing many biggies under the scanner and it seems like Shahrukh is the first buck from Bollywood. Ever since Panama Papers have named celebs like Amitabh and Aish as secret investors in British Virgin islands, IT department is conducting inquiries to find truth.