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Home / News / Entertainment News / Setback for SRK: IT enforces taxes on actor's Dubai property
Entertainment

Setback for SRK: IT enforces taxes on actor's Dubai property

Setback for SRK: IT enforces taxes on actor's Dubai property
Written by Sripriya Yegneswaran
Edited by Mansi Motwani
Mar 23, 2017, 10:46 am 3 min read
Setback for SRK: IT enforces taxes on actor's Dubai property

The Income-tax Appellate Tribunal has ruled that Shah Rukh Khan has to include the rent from his Dubai villa in his tax returns filed in India. The actor earlier submitted that since that income is liable to be taxed in UAE, he hadn't included it in his returns filed in India. ITAT agreed that "credit for taxes paid in UAE would be allowed".

2008
Shahrukh buys Kolkata Knight Riders

Shahrukh bought IPL franchise, Kolkata Knight Riders for $75 million in partnership with Juhi Chawla and her husband, Jay Mehta. His team bought the most expensive player of the opening season, Shoaib Akhtar for $425,000. The team has won the IPL title twice, first in 2012 and then in 2014.

2008
SRK turns realty developer with $2.2 billion property

Shahrukh Khan had invested in the development of a beachfront property in Ras Al Khaimah, UAE. Spread across 3 million square feet and christened as SRK Boulevard, the property consists of multiple residential complexes, world-class hotels, shopping malls and specially designed studios. The project was designed by Tony Ashai of Los Angeles-based 'Ashai Design Corporation' and planned by a team of international experts.

Information
Another feather in SRK’s hat

Shahrukh along with his wife, Gauri founded Red Chillies Entertainment which is a motion picture production and distribution company in 2002.

2011
King Khan acquires 26% stake in KidZania

Bollywood heartthrob Shahrukh Khan had acquired 26% stake in KidZania, an international chain of family education centres, through his company Imagination Edutainment in India. The rest of the 74% stake is owned by KidZ Inc of Singapore. KidZania is a privately held Mexican company. It allows children to work and earn money.

2015
Shahrukh buys Maratha Mandir

After DDLJ completed 1009 weeks in Maratha Mandir, theatre owner PK Bechara announced that he will no longer have the movie's screenings as he was incurring huge losses. On hearing the news, Shahrukh Khan signed a deal with Bechara and bought Maratha Mandir to ensure the smooth screening of DDLJ. He did this to maintain his reign and edge over other Bollywood biggies.

10 Jun 2015
After KKR, Shahrukh now owns Trinidad and Tobago

Bollywood superstar, Shahrukh has bought Caribbean Premier League (CPL) franchise, Trinidad and Tobago to give a tough competition to the Hollywood franchise owners of CPL. The T&T team had made it to the semifinals last year. SRK was quoted as saying, "This is in line with our vision to expand globally."

16 Feb 2017
TED Talks comes to India with SRK as its host

According to reports, Bollywood superstar Shah Rukh Khan will soon be hosting the Hindi version of TED Talks. The show is titled 'TED Talks India: Nayi Soch' and will feature speakers in TED's standard format of short, impacting presentations of 18 minutes or less. The show is expected to aired on Star Plus later this year.

Quote
On hosting TED Talks India: Nayi Soch

In a statement, Shah Rukh Khan said, "I believe TED Talks India: Nayi Soch will inspire many minds across India. It is a concept I connected with instantly, as I believe that the media is perhaps the single most powerful vehicle to inspire change."

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