Kareena, Bipasha on Stamp Duty evasion list

While star cricketers and larger than life celebrities are the adored idols of the public, they are also never far from the law. It is learnt that cricketer Sachin Tendulkar and Bollywood celebs like Kareena Kapoor, Bipasha Basu, Fardeen Khan and Suneil Shetty feature in the Stamp Duty evasion list.

 

The reason for their names being featured on this list is thanks to the mega endorsement deals they have signed between the period of 2006 - 2009. Under article 5(H)(A) of the Bombay Stamp Act 1958, duty needs to be paid on signing any endorsement contract, this duty can either be paid by the company itself or the celebrity that is endorsing the product.

Kareena, Bipasha on Stamp Duty evasion list

 

Kareena Kapoor

 

Year of endorsement: 2008

 

Stamp duty due: Rs. 1,85,000

 

Penalty due (as on 2008): Rs. 1,31,450

 

Total outstanding (as of 2008): Rs. 3,16,450

 

Satish Shah

 

Year of endorsement: 2009

 

Stamp duty due: Rs. 12,681

 

Penalty due (as on 2009): Rs. 10,190

 

Total outstanding (as of 2008): Rs. 22, 871

 

Sachin Tendulkar

 

Year of endorsement: 2006

 

Stamp duty due: Rs. 2,14,375

 

Penalty due (as on 2007): Rs. 2,36,725

 

Total outstanding (as of 2007): Rs. 4,51,100

 

Bipasha Basu

 

Year of endorsement: 2008

 

Stamp duty due: Rs. 37,500

 

Penalty due (as on 2008): Rs. 48,750

 

Total outstanding (as of 2008): Rs. 86,250

 

Fardeen Khan

 

Year of endorsement: Rs. 2006

 

Stamp duty due: 11,250

 

Penalty due (as on 2006): 13,725

 

Total outstanding (as of 2006): 24,975

 

Suniel Shetty

 

Year of endorsement: 2006

 

Stamp duty due: Rs. 17,910

 

Penalty due (as on 2006): 20,416

 

Total outstanding (as of 2006): 38,327

 

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