dreams, is also a place for making big
money through the form of films, brands,
performances etc. While some law abiding
stars are truthful and honest before the
government and the tax department and
declare all their incomes, there are others
who play hide and seek with the latter. For
such players', there is a watchdog in the
form of Enforcement Directorate, which is a
specialized financial investigation agency
under the Department of Revenue, Ministry
of Finance, Government of India.
Recently, a Bollywood superstar has come
under the scanner of the Enforcement
Directorate and has been asked to share
the details of his foreign currency payments
over a decade. The unnamed superstar has
now been asked to disclose his offshore
investments under the Reserve Bank of
India (RBI) approved LRS (Liberalized
Remittance Scheme) and all his expenses
while he was abroad during the business
trips.
The Enforcement Directorate has also
sought information under the Section 37 of
the FEMA (Foreign Exchange Management
Act). The said superstar, who counts
amongst one of Bollywood's highest tax
payers, has been instructed to show his
bank account statements over the last few
years and also the copies of his passport.
While the name of the superstar has been
kept under the wraps for security reasons,
we would like you to rack your brains and
decipher as to who is he that we are
referring to.
http://www.bollywoodhungama.com/news/bollywood/omg-bollywood-superstar-come-scanner-enforcement-directorate/?utm_source=Facebook&utm_medium=referral&utm_campaign=superstar.
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