Quick Summary
In a recent legal victory, renowned actor D. Sivakarthikeyan has successfully secured a refund of ₹12.60 lakh from the Income Tax department. The resolution comes after a writ petition filed by the actor in 2022 was disposed of by the Madras High Court, which recorded the Income Tax Departments subm
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
D. Sivakarthikeyan received an income tax refund of £12.60 lakh.
The refund was issued after a TDS (Tax Deducted at Source) discrepancy was resolved. The Income Tax Department had previously recovered funds due to the producer's failure to remit TDS.
Sivakarthikeyan had a written agreement with Aadnah Arts for a total consideration of £15 crore for his role in a movie, inclusive of GST. The producer was responsible for paying GST and remitting TDS.
The Income Tax Department initially recovered £91.16 lakh from Sivakarthikeyan's bank account in February 2022.
Sivakarthikeyan filed a writ petition in the Madras High Court in 2022 seeking a refund.
The issue was resolved amicably between the parties before adjudication, with the producer making all necessary payments, and the Income Tax Department agreeing to refund the disputed amount.
CAclubindia
