IT Raids on Mahesh babu house

The time has come for Income Tax department to unearth something from the big wigs of the state. A raid took place on Prince Mahesh Babu, Charmy, Dil Raju, VV Vinayak and others today by Income Tax department. The details of the raid are yet to be known and it is also said that majority of big wigs are taking care now by putting their heads into the accounts of this financial year. The auditors and accountants of concern Tollywood big wigs are in full swing of tension-full job now. Aparna Rao, the additional commissioner of IT Department is carrying on these raids. After knowing the news that hero Mahesh Babu is charging Rs.8crore for a film, IT officials conducted raids on his house. Though Mahesh Babu's family is known to be close the ruling Congress party, the government had gave its nod to raid the houses of the star.

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Posted in: income tax,IT,it raids,mahesh,tax,tgossips,tollywood

heighest incom tax payer in the world

MUMBAI: The Income Tax (I-T) department will start criminal proceedings for concealment of income against Hasan Ali Khan, the Pune-based owner of race horses who is wanted for money-laundering deals worth billions of dollars and tax evasion.

I-T officials will lodge a complaint for concealment of income in a court in Mumbai and then forward the documents to the Swiss government in yet another bid to ask for information about Khan's banking transactions in
that country.

This will be the third attempt by the I-T department to convince the Swiss about the need for Indian officials to be privy to information about Khan's bank accounts. The Enforcement Directorate (ED) has also made a separate attempt. Data earlier gathered from Khan's computer showed that he allegedly had a balance of $8.04 billion in UBS Zurich at one point. 

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Posted in: ali,hussen,income tax,IT,tax