4 Mar 2021

Income Tax Dept. Conducting Raids At Various Premises Of A Leading Actress And Production House

Latest reports have been coming in from IT department which has been carrying out search operation on two leading Film production companies and a leading actress.

As per reports coming in I-T Dept is carrying out search and survey operations which started on Mar 3 on 2 leading film production companies, a leading actress and two talent management companies in Mumbai. 

Search operation is being carried out at Mumbai, Pune, Delhi and Hyderabad as per Spox, CBDT.

Evidence related to manipulation, under-valuation of share transactions of the production house, having tax implication of about Rs. 350 cr is found.

It is being further investigated. Evidence of cash receipts by the leading actress amounting to Rs 5 crore has been recovered.

Apart from this, non-genuine/bogus expenditure to related concerns by the leading producers/director having tax implication of about Rs 20 cr has been detected. 

Similar findings have been made in the case of the leading actress also. Search is continuing in all the premises.

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