The Madras High Court has issued a discover to music composer AR Rahman for tax evasion. The discover was issued after the Income Tax Department filed an attraction within the court docket. According to the attraction, Rahman had evaded tax in particular person capability by allegedly transferring his remuneration of Rs 3.47 crores to his charitable belief. Reportedly, the IT division discovered discrepancies in Rahman’s tax submitting for the 12 months 2011-12.
According to the IT division, the large sum was his wage for composing ringtones for a UK-based telecom firm known as Libra mobiles. This occurred in 2011 and in line with his three-year-contract, the composer was to compose unique ringtones for the corporate.
The IT division mentioned that the revenue for the work must be obtained in Rahman’s particular person account and it’s taxable. They additional acknowledged that the sum might be moved to charitable belief after deduction of taxes.
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