Income Tax officials raid at Katrina Kaif and Priyanka Chopra' home

Income Tax officials raid at Katrina Kaif and Priyanka Chopra' home: Income Tax department officials today carried out raids at the residences and offices of Bollywood actresses Priyanka Chopra and Katrina Kaif for suspected tax evasion.

The raids at around a dozen premises of the leading actresses began around 0730 hours this morning and are expected to continue all through the day, I-T department sources said.

The raids were conducted for suspected tax evasion, they said.

Further details are awaited.

Income Tax: Shahrukh Khan faces Rs 17.84cr gift Scandal

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Income Tax: Shahrukh Khan faces Rs 17.84cr gift Scandal: The Income Tax (IT) department summoned Bollywood actor Shahrukh Khan (SRK) over Signature Villa on Palm Jumeirah in Dubai. The gift valued Rs 17.84 crore.

According the media report, the 'gift' was originally the reward of promoting Nakheel Public Joint Stock Company which reportedly handed over the villa to the Khans.

The company, however, confirmed the IT department in Oct 2010 that SRK did not provide any professional services to the company

As Times of India reported, according to a notice issued by the IT department on Dec 27, 2010, Nakheel has been using Khan's name for endorsing its Palm Jumeirah project since 2004 on its official website as well as electronic and print media.

The notice issued by the IT department claimed, "The company is an artificial juristic person devoid of any natural senses such as love and affection. This rules out the concept 'natural love and affection' and 'without any consideration' which are vital elements to characterize the gift."