Rahman receives Notice for Tax Evasion

Rahman receives Notice for Tax Evasion

Legendary and Oscar award-winning music composer AR Rahman has received notice from the Madras High Court for alleged Tax Evasion.

According to reports, Rehman’s charitable trust AR Rahman Foundation routed an income of over 3 crores for tax evasion. In the year 2011-12 Rahman received an amount of over 3 crores for making exclusive ringtones for a UK based telecom company. The payment was directly credited to his charitable foundation.

Reports also reveal that according to the IT Department, the charitable trust didn’t have a permit under the FCRA (Foreign Contribution Regulation Act), the amount of Rs 3.47 crore was taxable income and can’t be considered as foreign contributions.

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