Home News Reports Media baron Raghav Bahl allegedly under ED scanner for undeclared foreign assets, Bahl denies the reports

Media baron Raghav Bahl allegedly under ED scanner for undeclared foreign assets, Bahl denies the reports

Bahl says that every transaction has been fully disclosed and assessed to tax

Picking up on the complaint filed by the Income Tax department against the media behemoth Raghav Bahl under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015, the Enforcement Directorate has initiated action against him, according to a report by BTVi.

According to the Income Tax department, Raghav Bahl has not disclosed foreign assets, a property bought in London, UK for 31 million pounds. The Enforcement Directorate has sought details from the Income Tax Department regarding the offence allegedly committed by Bahl.

However, in a press release, Raghav Bahl has denied allegations levelled against him. He has asserted that every transaction has been fully disclosed and assessed to tax. He has also claimed that the value of the property is less than 15% of the number given in the email sent by BTVi. The Quint founder further adds that the property has been fully financed through legitimate LRS payments via banking channels, along with permitted mortgage funds overseas.

- Ad - - article resumes -

Bahl says that all the money invested in the property are from income on which taxes have been duly paid and consistently disclosed in the Foreign Asset Schedule of the Income Tax Returns of Raghav Bahl and his wife and children. Bahl was served a Show-Cause notice on May 1, 2019, seeking information about a certain property outside India and the source of funds for an investment made in that property. Bahl claims that Show-Cause was responded with relevant documents on May 2, 2019.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Interview: Former RAW officer makes further shocking revelations about Hamid Ansari after alleging that he endangered lives of RAW officers in Iran

In this exclusive interview, Former RAW (Research and Analysis Wing) officer NK Sood makes further revelations about his time in Iran, Hamid Ansari and the vilified scientist Nambi Narayanan

Kapil Sibal claims Barkha Dutt was sacked before her tweets, won’t be paid anymore, Barkha says Sibal is lying

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 
Tiranga TV boots its employees: Here is why they don't deserve any sympathy

I am a journalist and here is why I have absolutely no sympathy for the ones who joined Tiranga TV

News emerged last night that bouncers had been sent to the offices of Tiranga TV as the employees were holding a silent protest in the premises.

Prime Minister Modi, Hindus are under siege, and now is the right time to speak up

PM Modi will still win elections due to sheer inertia and the pathetic state of the country's opposition but the faith that he commands will take a hit and even if it's among a small section of the support base, it would be a travesty
Supreme court judgements - regional languages

Here are 7 bizarre judgments by the Indian Judiciary that highlight the need for urgent reforms

It's not the first time that the rather bizarre tendencies of the Indian Judiciary have been on display. In this article, we revisit some of them.

Conversion at Karnataka High Court? Islamic proselytising organisation distributed Quran among judges and advocates

Salaam Centre engages in 'Dawah' or the Islamic practice of converting non-Muslims to Muslim.
Image Source: Newstate

Campaign to raise funds for Richa Bharti, who was ordered to distribute Quran by Ranchi court, surpasses target within hours

A 19-year old college student, Richa Bharti was ordered to distribute 5 copies of Quran as a condition of bail by the Ranchi court

Aspiring model Khushi Parihar murdered over ‘friendship with other men’, live-in partner Ashraf Sheikh arrested

Aspiring model Khushi Parihar was found murdered with her head and face smashed on Saturday morning at Chatarpur farms, around 50 KMs away from the Nagpur city, her live-in partner Ashraf Sheikh has been arrested

Jharkhand: Hindu organisations allege bias as girl is arrested for Facebook post on Tabrez Ansari death based on FIR by Islamia committee

Acting on a complaint by the Anjuman Islamia Committee in Pithoria district, Ranchi, over a Facebook post on the Tabrez Ansari death, the Jharkhand police have today arrested a girl named Richa Bharti.
Kapil Sibal backed Tiranga TV senior producer accused of sexual harassment

Tiranga TV in yet another controversy: Girl accuses senior producer of sexual harassment, makes lewd chats public

A girl has accused the senior producer of Kapil Sibal backed Tiranga TV of sexual harassment. Himanshi Gupta took to Twitter to make lewd WhatsApp chats public.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,536FansLike
158,537FollowersFollow
74,773SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post