Huge Black Money with Lady Producer

We have earlier reported on Income Tax sleuths conducted surprise attacks on Bollywood popular lady producer Ekta Kapoor and her family members Jithendra, Tushar Kapoor’s Houses and Balaji Telefilms Offices in Mumbai. As per a B-town report, IT authorities found Rs.40 Crores of unaccounted incomes in these searches. Searches which began on Tuesday last week continued till early Friday with officials questioning them on needed documents. 

Some of the reports say; the company has shown excess expenditure with inflated costs of purchased properties thus evading huge taxes. Once the final assessment of all these properties will be conducted by other IT wings, the accurate amount of penalty and tax on concealed income will be calculated. Meanwhile, Rs.20 Crores worth jewelry found at their Juhu bungalow and lockers were locked. None were available to comment.