Wednesday 23 April 2014
News updated at 10:11 PM IST
Weather
Max: 35.5°C
Min : 21.5°C
In Bangalore
Partially cloudy

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
A woman with her son watches from a window the election campaign rally of National Conference...

A woman with her son watches from a window the election campaign rally of National Conference...

People get their face painted to create awareness on importance of voting in Mumbai on Wednesday...

People get their face painted to create awareness on importance of voting in Mumbai on Wednesday...

Girls display placards to create awareness on voting in Guwahati on Wednesday. PTI Photo

Girls display placards to create awareness on voting in Guwahati on Wednesday. PTI Photo

Artists make paintings of Sachin Tendulkar to wish him on the eve of his birthday in Moradabad...

Artists make paintings of Sachin Tendulkar to wish him on the eve of his birthday in Moradabad...

Police personnel ride a 'jugaad' on their way to polling booths on the eve of Lok Sabha elections...

Police personnel ride a 'jugaad' on their way to polling booths on the eve of Lok Sabha elections...

Girls learn martial arts during a self defense training camp in Faridabad on Wednesday. PTI Photo

Girls learn martial arts during a self defense training camp in Faridabad on Wednesday. PTI Photo

A woman voter showing inked finger to her children during repolling at a polling booth in Kochi...

A woman voter showing inked finger to her children during repolling at a polling booth in Kochi...

A honeybee caught feeding on nectar in ...

A honeybee caught feeding on nectar in ...

Models walk the ramp displaying jewellery during a fashion show in Chandigarh on Wednesday...

Models walk the ramp displaying jewellery during a fashion show in Chandigarh on Wednesday...

Devotees pray and take dip on the banks of the river Ganges, in Varanasi. AP Photo

Devotees pray and take dip on the banks of the river Ganges, in Varanasi. AP Photo

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