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Amitabh Bachchan. Photo courtesy: AP
Big B in trouble over tax payment
Wed-Mar 25, 2009
New Delhi / NewsX Bureau
Actor Amitabh Bachchan is in trouble with the income tax department.
The IT department has moved to Supreme Court against a Bombay High Court order which had dismissed an appeal related to his income from the show Kauna Banega Crorepati.
The IT department said Bachchan was not liable for benefit under Section 80 RR of the Income Tax Act, which covers Indian residents who earn foreign currency.
Bachchan had contended that, according to the act, 30 per cent of his earnings were not taxable as he was an artist and the remaining, which went to the account of Amitabh Bachchan Corporation Ltd, could be taxed.
The IT department said the entire show was shot in India at a studio in Mumbai and so no tax relief should be granted.
They also said Bachchan was an anchor on the show, and did not qualify as an artist, and so could not be exempt from tax.
The total income on which the department is asking for tax is Rs 21 crore.
The IT department has moved to Supreme Court against a Bombay High Court order which had dismissed an appeal related to his income from the show Kauna Banega Crorepati.
The IT department said Bachchan was not liable for benefit under Section 80 RR of the Income Tax Act, which covers Indian residents who earn foreign currency.
Bachchan had contended that, according to the act, 30 per cent of his earnings were not taxable as he was an artist and the remaining, which went to the account of Amitabh Bachchan Corporation Ltd, could be taxed.
The IT department said the entire show was shot in India at a studio in Mumbai and so no tax relief should be granted.
They also said Bachchan was an anchor on the show, and did not qualify as an artist, and so could not be exempt from tax.
The total income on which the department is asking for tax is Rs 21 crore.
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