IT department sends SRK notice, asks to disclose his off-shore investments

Mumbai: Apart from A-listers, who recently came under the scanner for their foreign investments, Bollywood’s King Khan, Shah Rukh has now caught Income Tax department’s attention as well. The actor has been served with a notice from the IT department, asking him to spell out his international investments.

According to The Economic Times, the department has asked the actor to reveal his investments in destinations such as Bermuda, British Virgin Islands (BVI) and Dubai. Ever since the Panama Papers controversy caught fire, IT department is scrutinizing investments made by the Bollywood celebrities off-shore.

This comes out at a time when the government is seeking disclosure of overseas assets and bank accounts of wealthy Indians in order to flush out black money. Sending a notice to Shah Rukh is also a reminder to the rich to come clean and reveal their foreign assets.

However, sending a notice to Shah Rukh Khan does not confirm that the actor has violated any law. Meanwhile, the actor isn't the only person who was sent a notice by the department.