Actress Priyanka Chopra and photographer Atul Kasbekar will pay income tax on some undisclosed transactions. Priyanka will pay tax on Rs 6 crore of cash transactions and Kasbekar on a Rs 4-crore gift, a senior income-tax official said. Income-tax officials raided them and actress Katrina Kaif on January 24. Katrina did not evade tax, the official said.
I-T officials said Priyanka had declared all investments and assets but the tax is charged on the cash payments made.
Tax officials found papers from her mother Madhu Chopra’s office mentioning details of Priyanka’s cash payments in these investments. ( Read: I-T seals Katrina, Priyanka’s lockers )
Kasbekar, who owns a celebrity management company, Bling, received a gift. This is exempt from tax only if a relative presents it. A relative is defined in the Income Tax Act.
”We will not spare anyone, that’s the message we wanted to convey,” said an income tax official. On Wednesday, Priyanka’s spokesperson said: “We will cooperate fully with the investigations and will abide by all requirements of the authorities as and when required.”