NTR clarifies about tax issue
Jr.NTR is currently suffering in a issue regarding the tax evasion of nanaku prematho movie. According to the reports, NTR skips to pay the tax of 1.2 crores and so receives notices from union finance ministry. Furthermore, NTR clarifies tax issue claiming tax exemption on the grounds of “export of services” as most part of the movie is in London.
Jr. NTR said, “I have acted in the above film in 2015 which was made in the UK by the producer. I was advised by legal and tax experts that any service rendered outside India for which payment is received in foreign exchange , is not taxable for service tax in India . Accordingly, I have not collected the service tax from the producer of “Nannaku Prematho”. He furthermore adds saying his legal and economic team gave an explanation in writing about the issue and he has not received any notices. It is yet to see what happens further.
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