MUMBAI: A villa gifted to actor Shahrukh Khan in Dubai has attracted the attention of tax authorities. The income tax department served a notice last month for the Signature Villa valued at Rs 178 million.A Dubai-based company had gifted it to him three years ago.

According to the income tax department, the villa received by Khan under a gift deed from Nakheel Public Joint Stock Company was in return for lending his name to promote the company. For the assessment year 2008-09, Khan had, in April 2009, filed returns declaring income of Rs 1,263 million. He said his income was from house, property, profession, capital gains and other sources.

Khan mentioned Dubai’s Signature Villa, which is a part of The Palm, Jumeirah, as a gift given by Nakheel PJPC in 2007.

The tax department, however, assessed that the Villa was taxable and accordingly a notice was issued to Shahrukh Khan. The actor sent a reply to an initial notice in November, stating that the gift did not constitute his income from business or profession.

Nakheel, too, submitted a letter to the department, stating that Khan had not provided any professional services. It clarified that the actor had attended the annual day function as a gesture of friendship towards Sultan Ahmed Bin Sulayem, Nakheel PJSC’s chairman.  — Dawn-Times of India News Service