Saturday 19 April 2014
News updated at 1:04 AM IST
Weather
Max: 35.4°C
Min : 22.5°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
Catholic devotees attend a Good Friday Mass inside at a church in New Delhi...

Catholic devotees attend a Good Friday Mass inside at a church in New Delhi...

Fire fighters trying to douse a fire that broke out at a shopping complex in Noida...

Fire fighters trying to douse a fire that broke out at a shopping complex in Noida...

SSB soldiers during the passing out parade of the 6th batch at Sashastra Seema Bal...

SSB soldiers during the passing out parade of the 6th batch at Sashastra Seema Bal...

A girl lights a candle on a graveyard of Central baptist Church's central graveyard...

A girl lights a candle on a graveyard of Central baptist Church's central graveyard...

Christian devotees take part in a 'Good Friday' procession in Jammu...

Christian devotees take part in a 'Good Friday' procession in Jammu...

A potter making earthen pots during summer season in Mirzapur on Friday. PTI Photo

A potter making earthen pots during summer season in Mirzapur on Friday. PTI Photo

Samajwadi Party workers attempt self-immolation with kerosene oil during a protest against ...

Samajwadi Party workers attempt self-immolation with kerosene oil during a protest against ...

Members of People for the Ethical Treatment of Animals (PETA), dressed as bloodied rabbits ...

Members of People for the Ethical Treatment of Animals (PETA), dressed as bloodied rabbits ...

Mutupallaku fesitval procession at Coonoor near Ooty on Friday. PTI Photo

Mutupallaku fesitval procession at Coonoor near Ooty on Friday. PTI Photo

A girl child kissing a statue of Jesus Christ on the occasion of Good Friday at The Sacred Heart...

A girl child kissing a statue of Jesus Christ on the occasion of Good Friday at The Sacred Heart...

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