Press Esc to close
Monday 20 April 2015
News updated at 2:48 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

Balaji Telefilms evaded tax on Rs 30 crore: I-T

Mumbai, May 3, 2013, PTI:

Three days after conducting searches at Balaji Telefilms’ facilities and also at the houses of its promoters here, the Income Tax department on Friday said the film production house had not disclosed Rs 30 crore income it had earned, and thus evaded tax.

“After investigation, we found that Balaji Telefilms did not disclose Rs 30 crore income. By not disclosing the amount, it has evaded tax,” a senior Income Tax officer told PTI. “Now, the production house has agreed to pay tax and penalty on the Rs 30 crore income. We will receive 30 per cent tax on this amount and also the penalty,” the officer said. 

The officer further said that when Ekta Kapoor, the joint managing director of the company, was asked about tax evasion, she claimed that she is only involved in the making of films and television serials.

“Hence, persons involved in the financial matters of the production house have been grilled,” he added. During the search operation on April 30, a team of over 100 officials from the department swooped down on seven locations across the city, including that of producer Ekta Kapoor and her actor-father Jeetendra’s residence in suburban Juhu.

Balaji Telefilms’ office and studio were among the seven premises where searches were conducted, I-T sources said.

The personal offices of Ekta Kapoor, who made it big with television soaps before venturing into films, and her actor-brother Tusshar Kapoor in suburban Bandra were also searched, they said.

A top official of the production house refused to comment on the development. Meanwhile, ‘Shootout at Wadala’, produced by Balaji Telefilms, hit cinema screens across the country on Friday. 


Go to Top

Photo Gallery
Narendra Modi talking with BJP veteran LK Advani during 'Garib Kalyan Yojana',...

Narendra Modi talking with BJP veteran LK Advani during 'Garib Kalyan Yojana',...

A view of the Kedarnath Shrine before it reopens on April 24 for general public...

A view of the Kedarnath Shrine before it reopens on April 24 for general public...

Snowed down surroundings of Kedarnath Shrine before it reopens on April 24 for general public...

Snowed down surroundings of Kedarnath Shrine before it reopens on April 24 for general public...

Sania Mirza (C) with Prarthana G. Thombare (3rd from R) and other team members...

Sania Mirza (C) with Prarthana G. Thombare (3rd from R) and other team members...

VK Singh interacts with people rescued as part of Operation Raahat...

VK Singh interacts with people rescued as part of Operation Raahat...

Rahul Gandhi helps  Kiran Chaudhary off the stage after she stumbled and hurt herself...

Rahul Gandhi helps Kiran Chaudhary off the stage after she stumbled and hurt herself...

Sonia Gandhi talks to Rahul Gandhi on stage during the farmers rally...

Sonia Gandhi talks to Rahul Gandhi on stage during the farmers rally...

RJD chief Lalu Prasad during Prajapati Rajnitik Chetna Rally at Gandhi maidan in Patna...

RJD chief Lalu Prasad during Prajapati Rajnitik Chetna Rally at Gandhi maidan in Patna...

Bollywood actor Madhuri Dixit at the Colors Leadership Awards 2015...

Bollywood actor Madhuri Dixit at the Colors Leadership Awards 2015...

Young Buddhist Monks offer special prayers at the Mahabodhi Temple in Bodhgaya...

Young Buddhist Monks offer special prayers at the Mahabodhi Temple in Bodhgaya...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523