I-T department attaches Shah Rukh Khan's Alibaug bungalow under Benami Act
India | January 31, 2018 12:15 ISTThe Income Tax Department has provisionally attached actor Shah Rukh Khan’s bungalow in Alibaug, terming it a benami property.
The Income Tax Department has provisionally attached actor Shah Rukh Khan’s bungalow in Alibaug, terming it a benami property.
People with unexplained credits and investments reflecting on their I-T returns could earlier get away by offering higher tax on the amount.
The I-T department will comb through the tax history of all people who have registered property valued above Rs 30 lakh to check if any tax evaders own such properties by proxy, CBDT chairman Sushil Chandra said.
PM Modi said Congress' campaign against demonetisation was driven by its attempts to mislead the people and create an atmosphere against him before he can raise a storm over benami assets.
The Delhi High Court today asked the Income Tax department whether it intended to examine under the new benami law all accommodation entries made prior to 2016 when it came into effect.
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