Income Tax raid on Lingusamy’s residence and office reveals tax evasion

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Wednesday, Oct 09, 2013

Income Tax raid on Lingusamy’s residence and office reveals tax evasion

Income Tax officials have found out that director – producer Lingusamy has not paid tax for remuneration he paid to actors and actresses. 

Income Tax officials conducted raid in Lingusamy’s residence and office in Valasaravakkam.  Raid is in progress today also. 

Director Lingusamy is producing movies with his brother Subash Chandra Bose.  Lingusamy’s production unit produced maximum number of movies the last year.  This year also, Lingusamy is producing about six movies. 

Lingusamy is producing movies starring Kamal Haasan and Suriya also.  Announcement and reports about three of his movies were released day before yesterday.  One is Kamal Haasan starrer ‘Uthama Villain’, a Suriya Starrer, and movie titled ‘Goli Soda’. 

In a development, Income Tax officials are raiding his house from yesterday morning.  It is to be noted that the officials are from Delhi.  The raid was conducted throughout last night. 

Income Tax officials have seized many documents.  It has come to light that Lingusamy has not paid tax for money amounting to several crores.  Particularly, Lingusamy has not paid tax for salary and advance paid to actors and actresses. 

Since there is no proper account for money spent on producing movies, Income Tax officials are continuing with their raid today also.  Also, officials have said that many secrets would come to light through the raid.

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