Press Esc to close
Thursday 23 October 2014
News updated at 2:45 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
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
Armed RCMP officers head in to Centre Block on Parliament Hilll following a shooting incident...

Armed RCMP officers head in to Centre Block on Parliament Hilll following a shooting incident...

The Conservative Party caucus room is shown shortly after shooting began on Parliament Hill...

The Conservative Party caucus room is shown shortly after shooting began on Parliament Hill...

Police teams enter Centre Block at Parliament Hill in Ottawa on Wednesday...

Police teams enter Centre Block at Parliament Hill in Ottawa on Wednesday...

Police and paramedics tend to a soldier shot at the National Memorial near Parliament Hill...

Police and paramedics tend to a soldier shot at the National Memorial near Parliament Hill...

A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

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