Not long ago the business was stunned when the names of driving world identities including Amitabh Bachchan were uncovered in the questionable Panama Papers. Presently we hear that after Bachchan’s announcements denying his association with the seaward organizations specified in the Panama Papers, the Income Tax Department has issued a crisp arrangement of inquiries to the performing artist.
As per reports, the fresh set of queries sent to Amitabh Bachchan seeks further details of his financial transactions as mentioned in the reports by the International Consortium of Investigative Journalists (ICIJ) and relying on some “old information about the assessee” lying with the department. Further the department has asked the actor to reply to the new questionnaire within a week’s time.
For the uninitiated, the Panama Papers revealed an unprecedented amount of information, including more than 11 million documents covering 2,10,000 companies in 21 offshore jurisdictions. Each transaction spans different jurisdictions and may involve multiple entities and individuals. As per the leaked documents, Bachchan was named as a board member for Sea Bulk Shipping Company Ltd, Lady Shipping Ltd, Treasure Shipping Ltd, and Tramp Shipping Ltd.
However, in his statements Amitabh Bachchan denied the same saying that his name had probably been misused and that he has never been a director of any of the above stated companies. Further Bachchan had stated that he had paid all taxes including on money spent by him in overseas……….
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