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IT slaps notices to stars

  • IndiaGlitz, [Thursday,March 24 2011]

Income Tax officials who raided Nagarjuna, Anushka Shetty and Ravi Teja on Wednesday slapped notices to them to explain discrepancies in tax payments. IT officials raided the residences of Nag, his Annapurna Studios, his residences in Bengaluru, Chennai and other properties in Hyderabad.

Notices were sent to D Shiva Prasad Reddy, of Kamakshi movies and Akkineni Venkat also.

Sources from film industry say for a long time, these actors were under scanner for their lavish homes, investments on lands in the state and new business ventures. Besides, IT officials found no increase in tax payments proportional to the new endorsments signed, profits shown in films and new business ventures et al.

We are yet to see if there are going to be more raids in Tollywood after this.

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