ntr responds on tax notices
Today morning finance ministry has decided to send CAG notices to NTR for not paying the tax. For the film Nannaku Prematho ntr acquired 7.83 crores of remuneration & he has to pay 1.10 crore tax. However he got export of services tax exemption for this amount.
Young tiger responded ” I have acted in this film 2015, the film shooting has completed in UK. So, I have received all my remuneration in foreign exchange, so my legal and tax advisers said there will be no tax & it will be exempted.”
Ntr also added Tax department had reviewed and queried about this, our financial department answered this. After that I don’t receive show cause notice or demand, from the authorities. I am paying every penny of my tax, have been law abiding citizen and faithful income tax and service tax payer for the last several years.
Ntr finally said still i haven’t received any notifications regarding this, I am replying because i want to take away the fake news regarding this.