Shah Rukh Khan gets notice from Income Tax Department, asked to spell out off-shore investment

Income tax department has served notice to the Bollywood actor Shah Rukh Khan seeking details of his investments in off shore destinations such as Bermuda , British Virgin Islands and Dubai.

Government is driving the campaign of disclosing black money sending notices to wealthy and powerful Indians seeking disclosure of overseas assets and bank accounts.

In this way government’s Income Declaration Scheme (IDS), is also expected to be a successful attempt for unearthing black money.

IT department is also monitoring on those who sis not declare their assets last year.

Senior Chartered accountant Dilip Lakhani said to the sources “Government is making all efforts to make IDS a success. Notices are being to assesses to send the message that government is serious and those who once again refuse to declare concealed income would face the music.”