It is Taxing time for Amitabh!

It is Taxing time for Amitabh!
Saturday, June 10, 2006 14:44 IST
By Santa Banta News Network
The Income Tax (IT) department Friday denied that it had served any notice to Bollywood superstar Amitabh Bachchan asking him to explain the purchase of Ray Ban glasses worth Rs.270,000 as reported in a section of the media.

"We clarify that the Income Tax department, Mumbai has not issued any notice to Amitabh Bachchan with reference to media reports that the actor had purchased sun glasses in New York valued at Rs.270,000," H. Tulsyan, Chief Commissioner Income Tax Mumbai, told.

"There were several misleading reports in certain sections of the media. The media has been reporting that Income Tax department Mumbai has issued a notice asking the actor to explain the purchase of sun glasses in New York. We have not issued any such notice to Amitabh Bachchan," he added.

The entire fracas started when some news reports suggested that Income Tax department in Mumbai had sent a notice to superstar Amitabh Bachchan, asking him to explain the purchase of Ray Ban sunglasses worth 5,878 dollars.

Interestingly, Bachchan gifted the expensive pair to S Ramanathan, the director of Zamanat, after shooting for the movie was completed.

Earlier, he was also issued notices with regard to his earnings from his overseas ventures and assignments, and TV game-show Kaun Banega Crorepati (KBC).

In February this year, the 63-year-old actor was again asked by the IT department to give details of taxes deducted at source by his Amitabh Bachchan Corporation Ltd (ABCL) in 2000-2005.
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