Income Tax department asks Shah Rukh Khan to pay tax on villa gifted by Dubai Co

The Income Tax department has issued a notice to Bollywood actor Shah Rukh Khan asking him to pay tax on the Rs 17.84 crore villa in the UAE, I-T sources said today. He received the villa as a gift from a Dubai-based company during assessment year 2008-09 for promoting a real estate project.

In April 2009, Khan had filed returns declaring income of 126.31 crore for assessment year 2008-09. He said his income was from house, property, profession, capital gains and other sources.

The actor also included Dubai’s signature villa in the returns, which is a part of The Palm, Jumeirah, as a gift given to him by Nakheel Public Joint Stock Company (NPJSC) on September 16, 2007.