Income Can Be Taxing As Well

In the late 60s when Yeddnapudi Sulochana Rao had filed Income Tax returns, people wondered as to how a novelist could earn so much money. A prolific writer with a genius, whose novels were published by all the leading magazines, she was a celebrity along with a few others of her times and most of her novels have been taken up by Telugu film producers.

Now IT has become a routine affair and one needs to file returns even if they do not have any income, or is the law changed?

Film stars are always in news for promptly paying the tax or evading or even the accumulated dues make headlines. Amithabh Bachchan had led the group of defaulters for a long time, as did many other stars. There are many anecdotes of Bollywood stars vs Income Tax sleuths.

Down South there was no much news until the endorsements came in, and leading Malayali stars fell into the eye of the storm.

With endorsements coming under the IT scanner, so did the role of anchors who are mostly seen at audio and other functions. The recent IT raids on popular TV anchor houses along with some of the film stars is but understandable. (INN)