We know that the Bollywood industry remains the highest Income taxpayers in India. The B Town industry has maintained a good rapport with the Income Department by being honest and transparent about their earnings while filing the Income Tax to the said department. However, with the passing time, now the I T Department seems to be looking at the other crowds who have been linked to Bollywood films but remain away from paying taxes.
These include the huge gatherings seen in films and give their minuscule appearance on the silver screens. Now, the Income Tax Department seems to be paying its heed on this crowd. With this, the department has come to know that a few leading production companies have been playing foul with the department by not levying enough tax when it comes to paying the extra money to the above-said crowd. This made the department to act.
As per reports, the department conducted a survey at seven of the studios of different producers starting with Karan Johar’s production house called Dharma Productions. He was then followed by others like Ritesh Sidhwani and Farhan Akthar’s Excel Entertainment, along with Dinesh Vijan’s Maddock Films and even of Ekta Kapoor’s Balaji Telefilms. In the survey, some of the groups were seen playing the TDS of 2 percent on their wages but they are supposed to pay 10 percent of the TDS considering the fact most of the actors fall in ‘skilled artistes’ category. Well, it seems that the department would come out with the new rule book for such cases.