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Income Tax Department - Latest News & Gossip

March 2nd, 2013

Karan Johar moves Bombay High Court against Income Tax notice

Karan Johar moves Bombay High Court against Income Tax notice
Yogen Shah

The filmmaker has been served a notice for his unassessed income for the year 2006-07

Karan Johar has moved the Bombay High Court against a notice issued to him by the Income Tax department. Click here to read more
January 8th, 2013

Amitabh Bachchan served a notice by Supreme Court in Income Tax case

Amitabh Bachchan served a notice by Supreme Court in Income Tax case
Yogen Shah

The Supreme Court issued a notice to the star of the millennium based on a petition by the Income Tax department claiming that the superstar owes Rs 1.66 crores for his money-based show, Kaun Banega Crorepati

Like every normal mortal, Bollywood celebrities too are required to pay their income taxes on time, yet there are many defaulters. But it’s quite surprising to learn that the name of Click here to read more
July 25th, 2012

Why did Amitabh Bachchan get a tax break?

Why did Amitabh Bachchan get a tax break?
Yogen Shah

The Bombay High Court granted relief to the superstar by not permitting a tax review. We wonder why

The Income Tax Commissioner had appealed for reopening Amitabh Bachchan’s tax returns for the assessment year 2002-03, stating that there were discrepancies. But the Bombay High Court has granted relief to the superstar and annulled the appeal. Click here to read more
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