• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • REVIEWS
    • TRAILERS
  • BUSINESS
  • CELEBRITIES
  • HOLLYWOOD
  • REGIONAL
  • TV
  • MUSIC
  • TOP LISTS

Bollywood Presents

Exotic locations where popular Bollywood movies were shot

You are here: Home / Celebrities / Indian film celebrities caught in Tax Controversies

Indian film celebrities caught in Tax Controversies

September 11, 2020 by BollywoodPresents Team

Money Scandals

In Bollywood and other film industries in India, there’s a saying that “there’s no business like the show-business”. Besides being famous, Film and TV celebrities are also among the biggest earners. With their flashy lifestyle, fleet of cars cars, luxury homes, its difficult for celebrities to stay away from the lens of the tax authorities.

Madras HC issues notice to A R Rahman over tax evasion

The Madras High Court recently issued a notice to music maestro A R Rahman for tax evasion. It’s alleged that Rahman diverted money to his foundation to save on taxes, as per this report.

AR Rahman

As per the IT department, in the assessment year 2011-12, Rahman received Rs 3.47 crore from UK-based Libra Mobiles to compose exclusive ringtones for the company. However, Rahman instructed the company to pay the money directly to the foundation (managed by him), the department said.

The IT department’s stand is that Rahman should have taken the money in his account as professional fee, paid the tax, and then transferred the money to his foundation if he wanted to. However, by taking the money as a donation directly in the trust’s name, he ensured no tax was paid to the Indian government, as income to a charitable trust is exempted under the Income Tax Act.

Panama Papers

Remember, the black money controversy, where it was alleged that a few film personalities had secret bank accounts in HSBC Geneva? Then it was the ‘Panama Papers’.

Mossack Fonseca, a law firm headquartered in tax haven Panama, helps its worldwide clientele evade tax (as per Indian Express report), for a fee, by setting up offshore entities in tax havens around the world, masking the real ownership of the company.

Names of Bollywood biggies like Amitabh Bachchan & Aishwarya Rai Bachchan had also figured in the list of Indians who were clients of the law firm.

Read: Nawaz Sharif owns several expensive properties in London, says Panama Papers


The bachchan family


Watch: Panama Papers

However, Mr Bachchan later released a statement saying the allegations are not true. Mr. Bachchan said his name was misused and denied any connection with companies in TAX HAVENS.

“I have never been a director of any of the… stated companies. It is possible that my name has been misused,” the statement issued by Mr Bachchan said.

Kapil Sharma in Tax Controversy

Sometime back, Kapil Sharma was engulfed in a controversy where it was alleged that Kapil Sharma didn’t pay service tax amounting to nearly Rs 65 lakh. However, Kapil Sharma later clarified that the delay happened because he got caught up in his work, and he had all the intentions to pay the service tax.


Watch: Kapil Sharma clears up SERVICE TAX controversy

Tamil Superstar Vijay Evaded Income Tax for 5 Years

Income tax officials, after raided the properties of Tamil superstar Vijay, had revealed that the Tamil actor has been (partially) evading payment of income tax for the past five years.

Income tax officers had also raided the houses of actresses Samantha Ruth Prabhu, Nayanthara, producers P.T. Selva Kumar and Shibu Thameens, financier Ramesh (“Puli”).

“All of them including Vijay have been paying tax but not the full amount. The total tax evaded amount comes to about Rs.25 crore,” revealed a source from the income tax department.


Dharpakad song from Special 26

Famous Income Tax Raids

And what about income tax raids?

Of course they have happened! In the past, income tax officers have raided the homes of several celebrities, to track tax evasions. Whenever, their films do well, or when thy buy a new house, or when they buy a luxury car, the income tax guys come knocking at their doorsteps.

Here are some interesting instances.

  • Priyanka Chopra: The actress had assets worth Rs.7.5 crores hidden in her apartment. Interestingly, when the IT officials landed up at Pee Cee’s residence one fine morning, it was Shahid Kapoor who had opened the door :).
  • Sanjay Dutt: His residence was once raided because Sanju baba was fond of wearing custom-made wristwatches…worth a few crore rupees.
  • Sonu Nigam: The flashy luxury cars lined up at Sonu Nigam’s residence caught the attention of the IT officials who perform a raid at his house.
  • Madhuri Dixit: The IT officials who raided Madhuri Dixit’s residence broke one of the walls of her house and found money stashed in them.

Related Posts:

  • Sadhguru defends film celebrities extending their support to…
  • Film and TV celebrities who committed suicide
  • Top Bollywood Celebrities Born in December
  • Top Bollywood celebrities born in January

Filed Under: Celebrities

RELATED POSTS

When it Comes to Shopping, Men Just Buy Whereas Women Really Shop

If you’re probably not married, then you may not have experienced this yet, but ask any married couple and they would agree that when it comes to shopping, men just buy things they want to buy, whereas women shop for many more reasons. Here are some of the reasons women love to shop; there are […]

bollywood cricket romance

India’s captain cool MS Dhoni steps down as captain, tributes pour in from all quarters

India’s captain cool MS Dhoni steps down as captain. Bollywood pours tributes. All the Indian cricket fans loved watching India trounce England in the test series, and loved the way Virat Kohli led the Indian cricket team. That performance convinced even MS Dhoni that the current Indian cricket team truly belongs to Virat Kohli, and […]

Beauty Pageant Winners Indians

Miss France crowned Miss Universe in Philippines, no Indian in Top 13

Miss France has won the 2017 Miss Universe crown in the annual pageant held in Manila, Philippines (Mall of Asia Arena by Manila Bay). 23-year-old dental student, Iris Mittenaere, who hails from a small town of Lille in northern France, did not expect to reach so far and was stunned with the result. In the […]

rishi kapoor

Qurbani vs Karz box office clash left Rishi Kapoor in depression

Qurbani vs Karz box office clash: The result left Rishi Kapoor devastated and sent him in depression. Rishi Kapoor’s autobiography “Khullam Khulla – Rishi Kapoor Uncensored” is out, and going by the excepts, Rishi has lived up to his reputation (going khullam khulla, that’s what he does in real life as well). Rishi Kapoor also […]

film city bollywood film shooting

Tour of India incomplete without Mumbai’s Bollywood Tour: Visitors Perspective

If you’re in India for vacation, there are several things to see and do. And although you can enjoy the scenery and look at the several ancient monuments, your tour is incomplete unless you go on the Bollywood tour. If you are in the land of Bollywood, you should definitely try to participate in the […]

lawyers

Defamation Case Reins in KRK, Apologises for His Mean Jibes

The option of taking the legal route by Bollywood celebs (especially Vikram Bhatt) seems to have worked against KRK. Feeling the heat, finally KRK (Kamaal Rashid Khan) apologised to Bollywood for his derogatory remarks and promised to be a serious critic. For a long time, KRK (who’s acted in a few Bollywood movies, was in […]

Bollywood in United States of America (USA)

The US is one of the biggest overseas market for the India film industry, with a huge Asian community that relishes Bollywood films. Most Bollywood films that get produced, do try to capitalize on this aspect, as the US is indeed one of the major revenue earners for Indian films. Loving downtime in the US. […]

Yash Chopra Switzerland

Is Switzerland No Longer the Preferred Destination for Bollywood?

You may not have been to Switzerland yet, but if you have seen most of Yash Chopra’s movies, you would know what it looks like. Bollywood’s relationship with Switzerland has always been as enduring as those on-screen romances depicted in Bollywood movies. But just like the movies, there seems to be a twist in the […]

Diwali festival in India

Diwali Festival In India

Diwali is one of the biggest (in fact the biggest) festival that’s celebrated in India. It usually lasts for about a week and is the time when people go shopping, are paid bonuses, its the most profitable time of the year for businesses, and most big Bollywood releases happen this time of the year (especially […]

kangana ranaut

Kangana Ranaut exposes Bollywood mafia in explosive interview with Arnab Goswami

Here’s Kangana Ranaut’s explosive interview with Arnab Goswami where she exposes Bollywood mafia in explosive interview . Kangana Ranaut says the Bollywood mafia (primarily Aditya Chopra, Karan Johar) systematically drive out actors from the industry if they do not toe their line. Kangana, in particular, points to the draconian contract of Yash Raj’s films which […]

Primary Sidebar

LOOKING FOR SOMETHING?

RECENT POSTS

movie trailers

Top Forthcoming Bollywood Movies (& Trailers): Upcoming Entertainers for 2021

Want to know when the next entertainer of your favorite star is going to be released? Want to plan … [Read More...] about Top Forthcoming Bollywood Movies (& Trailers): Upcoming Entertainers for 2021

National Museum of Indian Cinema (NMIC)

Social Impact of Bollywood on Indian culture

Movies are one of the most influential tools of communication and society does learn a few things or … [Read More...] about Social Impact of Bollywood on Indian culture

bollywood rapes

Representation of women in Bollywood Films

Women in Bollywood films have been subject to stereotypes and objectification, and appeared in … [Read More...] about Representation of women in Bollywood Films

Music Scene in Saudi Arabia

How's the music Scene in Saudi Arabia. Is it really frowned upon? Read more here. Young musicians in … [Read More...] about Music Scene in Saudi Arabia

Shabana Azmi

Shabana Azmi: One of the finest actors of Indian cinema

Shabana Azmi, an alumnus of the Film and Television Institute of India (FTII) of Pune, made her film … [Read More...] about Shabana Azmi: One of the finest actors of Indian cinema

war movie

Here’s how much Hrithik Roshan was paid for his 2019 hit film ‘War’

Hrithik Roshan is a superstar in Bollywood and is among the highest paid actors in the film … [Read More...] about Here’s how much Hrithik Roshan was paid for his 2019 hit film ‘War’

sooryavanshi movie

Bollywood facing losses of 5000+ crore due to pandemic lockdown

Almost everybody associated with the film industry is despondent about the future. With COVID-19 … [Read More...] about Bollywood facing losses of 5000+ crore due to pandemic lockdown

Money Scandals

Indian film celebrities caught in Tax Controversies

In Bollywood and other film industries in India, there's a saying that "there's no business like the … [Read More...] about Indian film celebrities caught in Tax Controversies

celebrity endorsements

It’s 2020 and Bollywood is still obsessed with fair skin

Makers of the upcoming movie 'Khaali Peeli', starring Ananya Panday and Ishaan Khatter, are facing … [Read More...] about It’s 2020 and Bollywood is still obsessed with fair skin

Kangana Ranaut's pali hill office

BMC demolish illegal constructions by Bollywood actors & filmmakers

BMC begins the demolition of illegal alterations to Kangana Ranaut's office in Bandra. The … [Read More...] about BMC demolish illegal constructions by Bollywood actors & filmmakers

Amazon Fashion

Useful Read

  • Who coined the term ‘Bollywood’?
  • Dadasaheb Phalke (Father of Indian Cinema)
  • Evolution of Hindi Films
  • Social Impact of Bollywood on Indian culture

Footer

Upcoming Bollywood Movies

  • Love Aaj Kal Movie
  • Hum Bhi Akele Tum Bhi Akele Movie
  • Hawayein Movie
  • Shubh Mangal Zyada Saavdhan Movie
  • The Hundred Bucks Movie
  • BHOOT: Part One – The Haunted Ship Movie
  • Haunted Hills Movie
  • 'O' Pushpa I Hate Tears Movie
  • Guns Of Banaras Movie
  • Thappad Movie

Bollywood Movie Reviews

  • Malang Review
  • Jawaani Jaaneman Review
  • Panga Review
  • Street Dancer 3D Review
  • Tanhaji – The Unsung Warrior Review
  • Chhapaak Review
  • Good Newwz Review

Top Celebs

  • Ajay Devgn
  • Kajol
  • Saif Ali Khan
  • Shraddha Kapoor
  • Varun Dhawan
  • Deepika Padukone
  • Kangana Ranaut
  • Tabu
  • Aditya Roy Kapur
  • Disha Patani
  • Rajinikanth

About Us

  • About Us
  • Contact Us
  • Write for Us
  • Privacy Policy
  • Disclosure
  • Sitemap
  • Newsletter

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in