Tax Troubles for Priyanka

Priyanka Chopra has been hit by a spate of tax demands over a four-year period, starting with orders to pay up on a luxury watch and a luxury sedan which she claimed were gifted to her. The Income-tax Appellate Tribunal (ITAT) shot down Chopra's explanation that a LVMH-TAG watch worth Rs 40 lakh was a gift to her from the company selling it and not part of her professional income. A similar reasoning by her regarding a Toyota Prius car, valued at Rs 27 lakh, has also been refuted by the ITAT.

The value of both items were treated as taxable perquisites in the hands of Chopra.