Dubai - Shah Rukh Khan gets income tax notice; asked to detail offshore investments

The Income Tax (I-T) Department has given Shah Rukh Khan a notice asking him to detail the investments he has made at foreign locations. The notice is believed to be a part of the Central government's efforts to crack down on tax evasion and black money storage abroad by high net-worth individuals (HNI) or corporations. According to an Economic Times report, SRK has been asked to furnish details of the investments he has made in locations like Dubai — where he has, among other things, bought a villa at the Palm Jumeira — besides the Bermuda islands and the British Virgin Islands. The notice was reportedly sent under the I-T Act's Section 131, which pertains to the powers of the I-T Department regarding investigation of individuals. Subscribe to our channel for more News and Updates - http://bit.ly/jmnsubscribe Like us on Facebook: https://www.facebook.com/JaiMaharashtranews Follow us on Twitter: https://twitter.com/JaiMaharashtraN Follow us on Google: https://plus.google.com/+Jaimaharashtranews/posts Find us on: http://jaimaharashtranews.tv For Caller Tunes & Ringtone: http://jaimaharashtranews.tv/images/music/JaiMaharashtraMusic.mp3 Live TV: http://jaimaharashtranews.tv/live-tv