New Delhi, May 4 (IANS) Bollywood megastar Amitabh Bachchan Monday got a notice from the Supreme Court on a plea challenging a judicial verdict allowing 30 percent tax rebate on his income to the tune of Rs.509 million in fiscal 2001-02.
A bench of Justice S.H. Kapadia and Justice Aftab Alam sought Bachchan's stand on the lawsuit by the union government's Income Tax Department.
The bench also asked the actor to account for his 2001-02 income and expenditure with appropriate proof and adjourned the matter for final hearing on Oct 28.
The case largely pertains to the actor's income from the popular TV game show 'Kaun Banega Crorepati' on Star TV.
The Bombay High Court had allowed the actor to avail the tax relief accepting his plea that as an artist he was entitled to the exemption as per section 80 RR of the Income Tax Act.
The Income Tax Department, however, challenged the high court ruling contending that section 80 RR of the IT Act grants tax rebates only to those artistes who earn either by performing outside the country or receive payment from foreign agencies.
The tax authorities have contended that the TV show was produced by Indian firm Star India Ltd. that renders him ineligible for the tax rebate.
Do you like this article? |
| Posted by: | India-Forums.com Staff |
| Copyright | IANS |
| Date | 5/4/2009 6:54:07 PM |
| User Rating | (8 Votes) |
| radhika_21, luv_pavi, taibaaa, Chandni., minuu, Judas, -Preeti- | |
| Views | 1921 |
they will make big deal now, as he has stayed away from media, but it will die down just as his other controversies
TRP and GRP ratings from 16th May to 22nd May
Tellybuzz brings you the TRP and GRP rankings of the popular ...
347
Roopal Tyagi hurts her back while shooting for the promo!
Roopal Tyagi injured herlself while shooting for the promo of Zee TV's ...
9
Sarkar 3 in the Works
Ram Gopal Varma is all set to start a new project - the next in the ...
4
Working with Baz luhrmann sheer delight: Big B
Megastar Amitabh Bachchan says he is delighted to work with a genius ...
Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.
Posted on: 3 years agoDits
seriously...these people want tax exemptions?there r so many ppl who r struggling to pay the tax?
Report Abuse