Income Tax Notices to Jagan-owned company

The Income Tax department has slapped show cause and demand notices to the tune of of Rs 122 crore to former Congress MP Y S Jaganmohan Reddy-owned Jagathi Publications (JPPL) for alleged mismatching amounts reported in company records.

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.
Income Tax Notices to Jagan-owned company Income Tax Notices to Jagan-owned company Reviewed by on March 17, 2011 Rating: 5

No comments:

Powered by Blogger.