AR Rahman gets court notice for income tax evasion of Rs 3.47 crores

AR Rahman gets court notice for income tax evasion of Rs 3.47 croresByBollywood Hungama News Network

Created: Sep 11, 2020 - 15:17 IST

The Madras High Court has issued a notice to music composer AR Rahman for tax evasion. The notice was issued after the Income Tax Department filed an appeal in the court. According to the appeal, Rahman had evaded tax in individual capacity by allegedly transferring his remuneration of Rs 3.47 crores to his charitable trust. Reportedly, the IT department found discrepancies in Rahman's tax filing for the year 2011-12.

#AR Rahman

According to the IT department, the huge sum was his salary for composing ringtones for a UK-based telecom company called Libra mobiles. This happened in 2011 and according to his three-year-contract, the composer was to compose exclusive ringtones for the company.

The IT department said that the income for the work has to be received in Rahman's individual account and it is taxable. They further stated that the sum can be moved to charitable trust after deduction of taxes.

I have always found this guy sketchy.

Originally posted by: Maroonporsche

AR Rahman gets court notice for income tax evasion of Rs 3.47 croresByBollywood Hungama News Network

Created: Sep 11, 2020 - 15:17 IST

The Madras High Court has issued a notice to music composer AR Rahman for tax evasion. The notice was issued after the Income Tax Department filed an appeal in the court. According to the appeal, Rahman had evaded tax in individual capacity by allegedly transferring his remuneration of Rs 3.47 crores to his charitable trust. Reportedly, the IT department found discrepancies in Rahman's tax filing for the year 2011-12.

#AR Rahman

According to the IT department, the huge sum was his salary for composing ringtones for a UK-based telecom company called Libra mobiles. This happened in 2011 and according to his three-year-contract, the composer was to compose exclusive ringtones for the company.

The IT department said that the income for the work has to be received in Rahman's individual account and it is taxable. They further stated that the sum can be moved to charitable trust after deduction of taxes.

What kind of charitable trust is it?

He could transfer all his income to this trust, write off his monthly expenses like food, clothing, jewelry, vacation as charitable expenses, that way doesn’t have to pay any taxes...