Amitabh Bachchan in trouble for evading Income Tax?

New Delhi: Superstar Amitabh Bachchan may be heading for tough days as he is under the Income Tax scanner in the Panama Paper leak case. Reports suggest that th IT department has already sent a senior officer to the British Virgin Islands to gt th detailed information. On his part,the superstar has denied all such charge. Bachchan has emphasised that all remittances overseas are in accordance with the rules and regulations of the land.

The Panama Paper revelations has come down heavily on the former Pakistani PM Nawaz Sharif, who had to resign in accordance with the SC orders. India is working with a global task-force on shared intelligence and collaboration to pursue progress on Panama leaks

Earlier Income Tax department had sent a fresh set of queries to megastar Amitabh Bachchan after his denial of having any connection with the offshore companies mentioned in the ‘Panama Papers’. The department then sent a new set of questions to Bachchan seeking further details of his financial transactions as mentioned in the reports by the International Consortium of Investigative Journalists (ICIJ) and relying on some “old information about the assessee” lying with the department. They said, the actor, in his recent reply to the IT department, had categorically “denied” having any connection with or stake in the four alleged offshore firms as claimed in the leaked documents of the Panamanian firm Mossack Fonseca. The actor has been asked to reply to the new questionnaire within a week’s time, they said. Earlier, Bachchan had made a public statement saying his name had probably been misused.

“I do not know any of the companies referred to by Indian Express–Sea Bulk Shipping Company Ltd, Lady Shipping Ltd, Treasure Shipping Ltd, and Tramp Shipping Ltd. I have never been a director of any of the above stated companies. It is possible that my name has been misused," he had said.

News24Bureau with Agencies