Income Tax targets cinema industry
Income Tax Department all of a sudden turns back their interest towards Cinema industry. Actor Vijay was the best example in recent times. He has evaded tax for 5 years. But later to cover up, he made a statement that he was clean. At the same time, there was also a buzz that Actress Samantha has started Pratyusha foundation just to get the benefit of tax exemption. She has her own bungalow and lots of assets in Hyderabad. Recently the income tax department raided ‘Bruce Lee’ film unit. But gladly that never affected the release.
It is touted that as most movies are made in huge budget was the main reason behind. So far it has been a common trait for Income Tax officials to raid business people and industrialists residences and office. Because they keep on investing them in business and expand their territory. On other hand, Celebrities invest their wages in assets.