Sunday, July 24, 2011

IT raids: more film stars under observation

Income tax raids on Mammooty, Mohanlal

Kochi: After Mammootty and Mohanlal, more film actors and their business partners are under observation for income tax evasion, reports say.

The IT department has pointed out that it picked out the superstars themselves to carry out the first raids to send a clear message to the others in the industry.

One of the reasons for the raids in the discrepancy in the returns submitted by the stars and the producers. The department also observed the spread of the business empires of the duo as well the increase of their properties including land.

The IT officials have said that the two stars were under observation for three months. The department also thinks that with the star-raids the filmdom has become more alert on filing tax returns.

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