Popular Channel Got 642 Crore by Selling a Dream

NDTV Sold Dream, NDTV Income Tax Dream, NDTV Income Tax Scam, NDTV Sold Dream Bermuda, NDTV Sold Dream 642 Crore, NDTV Sold DreamPopular News Channel, NDTV had amassed more than 642 Crore from a source via Bermuda in 2008. The Income Tax department was suspicious about the transaction and questioned the Channel management about the shoddy transaction. The channel interestingly said the department that they earned the money by selling a dream.

The money was received from NBC Universal Inc and Universal Studios International BV through NDTV Networks International Holdings BV to ostensibly avoid paying income tax. The investor had paid 7015 Rupees for each share in the company which is 159 times of its face value of 45 Rupees which put the channel in the Tax inspectors’ net.

The Income Tax department slapped 200 percent fine on the News Channel Management which is to the tune of 525 crores for concealing the huge money received through Bermuda. The Income Tax directed NDTV to reply by June 22, 2016 but the channel is buying time saying that their CEO is unwell.

Follow Mirchi9 on Google News

This Week Releases on OTT – Check ‘Rating’ Filter

Hiring Content Writer: We are looking to hire a ‘Telugu’ content writer. Send your sample articles to [email protected]

Inside Story: Who Prepared Pawan Kalyan's Speech?Don't MissInside Story: Who Prepared Pawan Kalyan's Speech?We media usually address Pawan Kalyan as Powerstar while writing film news and as Janasena...Rana NaiduDon't MissVenkatesh And Rana Together For Netflix Web SeriesThe dream of Daggubati fans has finally come true as Rana and Venkatesh Daggubati are...Love Story All set For Record-Breaking Openings!Don't MissLove Story All set For Record-Breaking Openings!Love Story starring Naga Chaitanya and Sai Pallavi is undoubtedly the biggest Telugu release post...List of New Title Premiering On OTT September 2021 Last WeekDon't MissList Of New Titles Premiering On OTT This WeekHere is the list of new titles premiering on top OTT platforms like Netflix, Amazon...Three Different Targets For Love Story TrioDon't MissThree Different Targets For Love Story TrioNaga Chaitanya and Sai Pallavi starrer Love Story is all set to hit the silver...