Kahaani Ekta Kapoor Ki: Balaji Telefilms evades Rs 30 cr tax

Mumbai, May 3: Ekta Kapoor, whose much awaited movie Shootout at Wadala has been released on Friday, May 3, may face another round of Income Tax (IT) wrath in near future.

Officials in Income Tax department informed that the young Bollywood producer and her Balaji Telefilms owe Rs 30 crore in taxes.

Ekta, daughter of veteran Bollywood actor Jeetendra, might be grilled by the income tax officials, informed sources.

Sources said that taxes were evaded by augmenting cost during the production stage in the last six years. On property deal, the rates were not according to the existing realty rate and the land development costs were inflated to show lesser profits.

Meanwhile, the company has agreed to pay the taxes and penalty, imposed by the IT department.

"Now, the production house has agreed to pay tax and penalty on the Rs 30 crore income. We will receive 30 per cent tax on this amount and also the penalty," the officer said.

Ekta Kapoor has claimed that she is only involved in the making of films and television serials.

During the search operation on April 30, a team of over 100 officials from the department swooped down on seven locations across the city, including that of Ekta, her brother Tushar Kapoor and Jeetendra's residence in suburban Juhu. Balaji Telefilms' office and studio were among the seven premises where searches were conducted.

Ekta Kapoor made it big with television soaps before venturing into films.

OneIndia News