Press Esc to close
Wednesday 02 September 2015
News updated at 3:30 AM IST
Weather
Max: 29.4°C
Min : 21.1°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
Jaya Karnataka members holding a candle light vigil to staging dhana to condemn...

Jaya Karnataka members holding a candle light vigil to staging dhana to condemn...

Police men baton charge B P Ed Sangharsh Morcha members...

Police men baton charge B P Ed Sangharsh Morcha members...

NCC boats sail towards Sultan Bathery as a part of river sailing expedition...

NCC boats sail towards Sultan Bathery as a part of river sailing expedition...

women's 2000M Dragon Boat race event at the 4th National Dragon Boat Championship...

women's 2000M Dragon Boat race event at the 4th National Dragon Boat Championship...

Launch of Ciaz Smart Hybrid in New Delhi...

Launch of Ciaz Smart Hybrid in New Delhi...

Iris Maju is crowned as Mrs India World 2015 in Kochi on Tuesday...

Iris Maju is crowned as Mrs India World 2015 in Kochi on Tuesday...

Activist of AASU burn tyres during a protest at Margherita in Tinsukia district...

Activist of AASU burn tyres during a protest at Margherita in Tinsukia district...

Narendra Modi leaves in a chopper after NDA's Parivartan Rally at the Airport...

Narendra Modi leaves in a chopper after NDA's Parivartan Rally at the Airport...

A artist giving final touches to the Ganesha idol ahead of Ganesha Chathurthi Festival...

A artist giving final touches to the Ganesha idol ahead of Ganesha Chathurthi Festival...

Vehicle riders watch as two decorated elephants pass near Shanthala theatre...

Vehicle riders watch as two decorated elephants pass near Shanthala theatre...

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