Madras HC issues notice to AR Rahman looking for clarification on personal tax avoidance case

Madras HC issues notice to AR Rahman looking for clarification on personal tax avoidance case


AR Rahman

As per the Income-charge office counsel, Rahman got a salary of Rs3.47 crore in the year 2011-12 dependent on an agreement with a UK-based telecom organization, to create selective ringtones.

 

Chennai: The Madras High court has given a notification to Oscar-winning music chief AR Rahman looking for his clarification with respect to a case recorded by the Income Tax division. The charge against the artist is that he has directed a pay of over Rs.3 crore, through the AR Rahman Foundation (his beneficent trust) to avoid the charge.

As per the Income-charge office counsel, Rahman got a salary of Rs3.47 crore in the year 2011-12 dependent on an agreement with a UK-based telecom organization, to make elite ringtones. According to the agreement, the arranger had educated the organization to straightforwardly pay his compensation to the magnanimous establishment that is overseen by him, the IT division keeps up.


Rahman

"The salary which is available must be gotten by Rahman. After due derivation of duty, it very well may be moved to the trust. However, the equivalent can't be steered through the trust as pay to the magnanimous trust is excluded Unser the Income Tax Act" the IT counsel included.

The site of the AR Rahman Foundation says that "The Foundation will make open doors for everybody - particularly the oppressed - to have a superior existence, both intellectually and truly, through music, training, and authority building".


 



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