{"id":22303,"date":"2019-01-06T12:45:08","date_gmt":"2019-01-06T12:45:08","guid":{"rendered":"http:\/\/npnews24.com\/2019\/01\/06\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/"},"modified":"2019-01-06T13:05:38","modified_gmt":"2019-01-06T13:05:38","slug":"rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids","status":"publish","type":"post","link":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/","title":{"rendered":"Rs 11-crore illegal assets seized in Karnataka tax raids"},"content":{"rendered":"<p><strong>Bengaluru, Jan 6 (IANS)-\u00a0<\/strong>Searches by Income-Tax sleuths on Karnataka’s 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed assets valued at Rs 11 crore, including Rs 2.85 crore in cash and 25.3 kg gold jewellery, said the department on Sunday.<\/p>\n<p>Incriminating evidence found during the searches resulted in the defaulters admitting to Rs 109 crore unaccounted income.”As there are many issues on which evidence has been found but no admission made, the detection of concealed income will be a much higher figure,” said the I-T department’s investigation wing in a statement here.<\/p>\n<p>The four sandalwood super stars are Shivaraj Kumar, his younger brother Punneth Kumar, Sudeep and Yash. The three film producers are Rockline Venkatesh, C.R. Manohar and B. Vijay Kiragandhur.<\/p>\n<p>Super stars Shivaraj and Puneeth are the sons of Kannada matinee idol and thespian Rajkumar.<\/p>\n<p>The searches were conducted under Section 132 of the Income-Tax Act, 1961, after warrants were issued to the actors and producers in advance.The three-day search operation was carried out at 21 premises and surveys were conducted at 5 places by 180 officials from the department in the southern state and adjacent Goa.<\/p>\n<p>In addition to the actors and producers, official and residential premises of film production companies and film financiers were also searched during the last three days.<\/p>\n<p>Discreet inquiries made for over three months before the search identified the modus operandi and the key players.”The searches led to evidences of suppression of income from film production, distribution and exhibition as well as evidence of unaccounted cash expenditure in films,” said the statement, adding unaccounted theatre collections in cash and tax evasion on them was also found,” said the statement.<\/p>\n<p>Evidence of unaccounted professional receipts by artists, cash investments in properties and jewellery through unaccounted income was also found.”The Income-Tax department appeals to the entertainment industry in Karnataka to follow prescribed accounting standards by recording all transactions in books of accounts and pay due taxes,” said the statement.<\/p>\n<p>–IANSfb\/prs<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru, Jan 6 (IANS)-\u00a0Searches by Income-Tax sleuths on Karnataka’s 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed assets valued at Rs 11 crore, including Rs 2.85 crore in cash and 25.3 kg gold jewellery, said the department on Sunday. Incriminating evidence found during the searches [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[50],"tags":[9954,15470,1698,4064,2220,13396,524,1131],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rs 11-crore illegal assets seized in Karnataka tax raids - News24<\/title>\n<meta name=\"description\" content=\"\u00a0Searches by Income-Tax sleuths on Karnataka&#039;s 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rs 11-crore illegal assets seized in Karnataka tax raids - News24\" \/>\n<meta property=\"og:description\" content=\"\u00a0Searches by Income-Tax sleuths on Karnataka&#039;s 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\" \/>\n<meta property=\"og:site_name\" content=\"News24\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-06T12:45:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-06T13:05:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amol Warankar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amol Warankar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\"},\"author\":{\"name\":\"Amol Warankar\",\"@id\":\"https:\/\/npnews24.com\/#\/schema\/person\/50ac2a43d4e83f0104747f5dda055a61\"},\"headline\":\"Rs 11-crore illegal assets seized in Karnataka tax raids\",\"datePublished\":\"2019-01-06T12:45:08+00:00\",\"dateModified\":\"2019-01-06T13:05:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\"},\"wordCount\":341,\"publisher\":{\"@id\":\"https:\/\/npnews24.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1\",\"keywords\":[\"assets\",\"crore illegal\",\"Karnataka\",\"NP NEWS 24\",\"npnews24\",\"raids\",\"seized\",\"tax\"],\"articleSection\":[\"National News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\",\"url\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\",\"name\":\"Rs 11-crore illegal assets seized in Karnataka tax raids - News24\",\"isPartOf\":{\"@id\":\"https:\/\/npnews24.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1\",\"datePublished\":\"2019-01-06T12:45:08+00:00\",\"dateModified\":\"2019-01-06T13:05:38+00:00\",\"description\":\"\u00a0Searches by Income-Tax sleuths on Karnataka's 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed\",\"breadcrumb\":{\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1\",\"width\":750,\"height\":450,\"caption\":\"Fake currency\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/npnews24.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rs 11-crore illegal assets seized in Karnataka tax raids\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/npnews24.com\/#website\",\"url\":\"https:\/\/npnews24.com\/\",\"name\":\"News24\",\"description\":\"Latest News Update realtime on the move\",\"publisher\":{\"@id\":\"https:\/\/npnews24.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/npnews24.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/npnews24.com\/#organization\",\"name\":\"News24\",\"url\":\"https:\/\/npnews24.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/npnews24.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2021\/06\/NPNEWS24-LOGO.png?fit=448%2C72&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2021\/06\/NPNEWS24-LOGO.png?fit=448%2C72&ssl=1\",\"width\":448,\"height\":72,\"caption\":\"News24\"},\"image\":{\"@id\":\"https:\/\/npnews24.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/npnews24.com\/#\/schema\/person\/50ac2a43d4e83f0104747f5dda055a61\",\"name\":\"Amol Warankar\",\"url\":\"https:\/\/npnews24.com\/author\/amolwaran28\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rs 11-crore illegal assets seized in Karnataka tax raids - News24","description":"\u00a0Searches by Income-Tax sleuths on Karnataka's 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/","og_locale":"en_GB","og_type":"article","og_title":"Rs 11-crore illegal assets seized in Karnataka tax raids - News24","og_description":"\u00a0Searches by Income-Tax sleuths on Karnataka's 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed","og_url":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/","og_site_name":"News24","article_published_time":"2019-01-06T12:45:08+00:00","article_modified_time":"2019-01-06T13:05:38+00:00","og_image":[{"width":750,"height":450,"url":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1","type":"image\/jpeg"}],"author":"Amol Warankar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Amol Warankar","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#article","isPartOf":{"@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/"},"author":{"name":"Amol Warankar","@id":"https:\/\/npnews24.com\/#\/schema\/person\/50ac2a43d4e83f0104747f5dda055a61"},"headline":"Rs 11-crore illegal assets seized in Karnataka tax raids","datePublished":"2019-01-06T12:45:08+00:00","dateModified":"2019-01-06T13:05:38+00:00","mainEntityOfPage":{"@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/"},"wordCount":341,"publisher":{"@id":"https:\/\/npnews24.com\/#organization"},"image":{"@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1","keywords":["assets","crore illegal","Karnataka","NP NEWS 24","npnews24","raids","seized","tax"],"articleSection":["National News"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/","url":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/","name":"Rs 11-crore illegal assets seized in Karnataka tax raids - News24","isPartOf":{"@id":"https:\/\/npnews24.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage"},"image":{"@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1","datePublished":"2019-01-06T12:45:08+00:00","dateModified":"2019-01-06T13:05:38+00:00","description":"\u00a0Searches by Income-Tax sleuths on Karnataka's 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed","breadcrumb":{"@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#primaryimage","url":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1","contentUrl":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1","width":750,"height":450,"caption":"Fake currency"},{"@type":"BreadcrumbList","@id":"https:\/\/npnews24.com\/rs-11-crore-illegal-assets-seized-in-karnataka-tax-raids\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/npnews24.com\/"},{"@type":"ListItem","position":2,"name":"Rs 11-crore illegal assets seized in Karnataka tax raids"}]},{"@type":"WebSite","@id":"https:\/\/npnews24.com\/#website","url":"https:\/\/npnews24.com\/","name":"News24","description":"Latest News Update realtime on the move","publisher":{"@id":"https:\/\/npnews24.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/npnews24.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/npnews24.com\/#organization","name":"News24","url":"https:\/\/npnews24.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/npnews24.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2021\/06\/NPNEWS24-LOGO.png?fit=448%2C72&ssl=1","contentUrl":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2021\/06\/NPNEWS24-LOGO.png?fit=448%2C72&ssl=1","width":448,"height":72,"caption":"News24"},"image":{"@id":"https:\/\/npnews24.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/npnews24.com\/#\/schema\/person\/50ac2a43d4e83f0104747f5dda055a61","name":"Amol Warankar","url":"https:\/\/npnews24.com\/author\/amolwaran28\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/npnews24.com\/wp-content\/uploads\/2019\/01\/2k-note.jpg?fit=750%2C450&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/paUEez-5NJ","_links":{"self":[{"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/posts\/22303"}],"collection":[{"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/comments?post=22303"}],"version-history":[{"count":0,"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/posts\/22303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/media\/21484"}],"wp:attachment":[{"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/media?parent=22303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/categories?post=22303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/npnews24.com\/wp-json\/wp\/v2\/tags?post=22303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}