According to the latest reports, the Income Tax Department is soon going to audit the bank lockers of the two B-town hotties, Priyanka Chopra and Katrina Kaif.
Sources familiar with the matter revealed that that the Income Tax officials will continue their investigation on the tax records of Priyanka and Katrina, while both maintained that they possessed no unaccounted income.
On Jan. 24, the I-T Department officials conducted raids at the Mumbai residences of the two actresses and uncovered unaccounted income of over 12 crore from Katrina and Piggy Chops.
Priyanka’s spokesperson said, "We deny the many malicious rumors being spread in the media on the basis of some unidentified sources. We are extending all cooperation to the Income Tax authorities in their ongoing investigations.”
Reacting on the same, Katrina’s Chartered Accountant said, “A search was conducted by the Income Tax Dept at the residence of my client Ms Katrina Kaif.”
The two Bollywood stars have been accused of hiding their actual income to escape from paying tax.
Priyanka, Katrina resume social life
Putting the incidence behind them, both the actresses made their first public appearance post the raids, on Thursday.
Putting the incidence behind them, both the actresses made their first public appearance post the raids, on Thursday.
While Kaif attended a Pritish Nandy and Kamala Das book launch at a Bandra bookstore, Priyanka was seen at an award show at the MMRDA grounds at Bandra Kurla Complex.
”Both actresses seemed to have found their stride and their voice, hitting out against the several unconfirmed reports doing the rounds about claims of spectacular seizures made by the I-T department,” informed a source.
Booming time for tax lawyers
The recent raids at Katrina and Priyanka’s residence has ringed in good times for the tax lawyers as they answered phone calls from other anxious B-Town stars.
The recent raids at Katrina and Priyanka’s residence has ringed in good times for the tax lawyers as they answered phone calls from other anxious B-Town stars.
“We have got calls from at least three actors asking to immediately take charge of their finances. We have asked for seven days to sort the matters out,” said a leading income tax lawyer.
Even the tinsel town producers got calls from the actors to clear their dues.
“We are getting calls to help out with lawyers and people like chartered accountants,who handle the finances of Bollywood movies, and are thus in demand. Some of the actors want to clear up the cash that they had kept in the house,” said a producer.
Source: Total Filmy
