|
|
|
|
|
|
| |
| |
By Category |
 |
|
|
| |
|
| |
| |
India On Media |
|
|
|
| |
|
| |
|
|
| Politics
News |
|
| Income Tax Department slaps showcau |
| Income Tax Department slaps showcause notices on Jaganmohan Reddy's company
|
| INDIA
, 15-March-2011
7:27:1 AM |
| The Income Tax department has slapped showcause notices to the tune of Rs. 122 crore to former Congress MP Y S Jaganmohan Reddy-owned Jagathi Publications (JPPL) for allegedly mismatching amounts reported in company records.
Mr. Jagan Reddy, son of late Andhra Pradesh Chief Minister Y S R Reddy, had resigned from the Congress last year and has now announced a new party - YSR Congress Party.
Sources said the I-T department had issued notices to JPPL.
"The matter is with the assessment wing and they are assessing the case," the sources said
Jagathi Publications publishes Telugu Daily - Sakshi and runs a TV news channel also named Sakshi.
Mr. Jagan reportedly paid Rs. 84 crore as advance tax in September last year anticipating an income of Rs. 500 crore
|
|
|
|
|
|
|
|
ADVERTISEMENTS
Free offer!!! Become an administrator for your zip home page, "Post" local news (local to your postcode)& pictures, "Post" advertisement banners from local companies. Make Extra money.
|
 |
 |
|
|
| |
|
