Income Tax department has given notice to Bollywood Superstar Shahrukh Khan Offshore Investments. He has to give details about the investments he has made in the foreign countries. It is strongly believed that the IT notice is a part of the Union Government’s efforts to bring out tax evasion and black money abroad by High profile individuals or corporations.
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Shahrukh Khan Offshore Investments
Shahrukh Khan offshore investments are at various locations. In IT Notice, Srk is asked for foreign investments in locations like Dubai’s luxurious villa. Srk owns villa in Dubai at the Palm Jumeira. IT notice was sent under IT Act Section 131. Section 131 is about investigation of individuals.
IT Department has a lot of information regarding individuals and companies that have stored black money in foreign. It is not clear if this notice for Shahrukh Khan Offshore investment is based on some strong evidence that IT had hidden.
Apart from Srk, some Industrialists have also received IT Notice with similar demands. These Industrialists have made investments in Singapore.
However, it is not confirmed that Srk had violated any law. Shahrukh khan offshore investments will be revealed soon as he need to submit his details to income tax department.
Shahrukh Khan is busy in his much awaited Raees movie. Raees movie is based on Gujarat’s gangster. He is also a part of Gauri Shinde’s Dear Zindagi film with Alia Bhatt. Recently Dear Zindagi movie first look is released.
Koochie Koochie Hota hai is also Shahrukh Khan’s delayed upcoming movie. It is a computer animated remake film of Shahrukh’s 1998 Hit movie Kuch Kuch Hota hai.
It is noticeble that Shahrukh Khan is the India’s most paid Celebrity and he is also known for his business skills. Srk has his own IPL Team Kolkata Knight Riders, his company Red Chillies Entertainment Pvt Ltd. Shahrukh’s wife Gauri Khan is also a successful business woman.
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