In a setback to actor Amitabh Bachchan, the Supreme Court on Wednesday allowed the income tax department to reassess his tax filings for the year 2001-2002.The case relates to income earned by the actor from the popular television quiz show Kaun Banega Crorepati.The apex court, while calling for a fresh assessment by the income tax department, set aside the judgment of the Bombay high court, which had ruled in favour of Bachchan.According to the tax department, the actor paid Rs.1.6 crore as tax on an income of Rs.3.23 crore, while the assessing officer chalked up a figure of Rs.26 crore as income for that year. Bachchan explained the difference by claiming exemption under Section 80RR of the Income-tax Act that entitled an artist to get a tax waiver up to 30% on his earnings abroad..
In a setback to actor Amitabh Bachchan, the Supreme Court on Wednesday allowed the income tax department to reassess his tax filings for the year 2001-2002.The case relates to income earned by the actor from the popular television quiz show Kaun Banega Crorepati.The apex court, while calling for a fresh assessment by the income tax department, set aside the judgment of the Bombay high court, which had ruled in favour of Bachchan.According to the tax department, the actor paid Rs.1.6 crore as tax on an income of Rs.3.23 crore, while the assessing officer chalked up a figure of Rs.26 crore as income for that year. Bachchan explained the difference by claiming exemption under Section 80RR of the Income-tax Act that entitled an artist to get a tax waiver up to 30% on his earnings abroad.
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Kaun Banega Crorepati 13 Ki Pehli Crorepati Himani Bundela Ka Exclusive Interview | 7 Crore Ka Sawal
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157th Income Tax Day Celebration. Income Tax Department will do various programs in Rajasthan
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As a salaried taxpayer, you are eligible for various tax benefits that can bring down your taxable income. Here is a look at six such benefits.
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Shooting of 'Kaun Banega Crorepati' may stop! Amitabh Bachchan's health is the reason behind this
रुक सकती है 'कौन बनेगा करोड़पति' की शूटिंग ! Amitabh Bachchan का स्वास्थ्य है इसके पीछे की वजह
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Shooting of 'Kaun Banega Crorepati' MAY STOP !? Amitabh Bachchan का स्वास्थ्य है इसके पीछे की वजह
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Kaun Banega Crorepati, Season 10 Launch | Press Conference | Amitabh Bachchan
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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