SRK summoned to court on taxation issue

SRK summoned to court on taxation issue
Updated on

Summary

Its taxing time for actor Shah Rukh Khan again. The Income Tax department has dragged the star to the Bombay high court over his foreign earnings as a brand ambassador for the Swiss luxury giant Omega. A commissioner of Income Tax had appealed against a December 2008 order of the Income Tax Appellate Tribunal (ITAT) which had allowed the actors appeal over a tax deduction dispute with the department. The case in the high court is about the actors income for 2002-03. Shah Rukh had declared an income of almost Rs 20 crore, including Rs 29 lakh as foreign income as Omega brand ambassador.
Browse Topics