IT Raids on Mahesh Babu

December 08, 2011 20:13
IT Raids on Mahesh Babu

Income Tax authorities raided and searching Mahesh Babu's house. He is the highest paid actor in Telugu industry and IT has gone through all his income details. It is speculated that due to Dookudu collection reports claimed by the producers, Income Tax department got curious on the tax returns, VAT returns submitted by producers, actors and started a deep investigation on possible evasion of taxes.

Producer Anil Sunkura had recently told media that Dookudu has collected Rs 101 crore in its 50 day run. In India, it has raked in Rs 80 crore, which is now under the I-T scanner. However, if the figure appears to be true, then the movie bosses have to pay 11 percent of that collections in VAT, which approximately comes around Rs 8 crore.

In earlier occassion, the Income-Tax (I-T) officials also raided the houses and offices of the producers, Anil Sunkura, Ram and Gopi Achanta on Monday. It has now made the makers of Dookudu to produce the proofs for their claims on the collections of the recently released Telugu film.

According to sources, the above named producers were not in the city during the raids. It is said that they quizzed the employees about VAT dues and the overall collections of Dookudu. It is said that the I-T sleuths have been closely monitoring the developments related to the Telugu movie collections. They have also seen the the Box Office reports of Mahesh Babu starrer film. The sleuths have seized some paper ads and other documents during the raid.

In Telugu industry there is no measure to account the collections however the statements on film collections which could be an exaggeration by producers, actors lead them into troubles like this. If the statements are really true then they better pay the taxes!!!!

If you enjoyed this Post, Sign up for Newsletter

(And get daily dose of political, entertainment news straight to your inbox)

Rate This Article
(0 votes)