Narendra Modi just Modified, as many of his fans are famously calling it, country’s Black Money issue by cancelling the 500 and 1000 notes all of a sudden from midnight of 8th November 2016. Prime Minister of India, already sad in his many interviews and Mann ki Bhat, that India cannot progress with great inflation and money problems. So he called for a no ends barred fight on Black Money. Initially, government announced a scheme for all the Black Money mongers to legalise their by declaring it and paying upto 45% as income tax of the said amount till September 30. More than 1.4 lakh crores have been declared and still from an estimation, a good 10 to 12 lakh crores of Black Money is still stashed up by various people in their homes and several places.
Now, with this move, stashers of money in the form of banned notes aplenty, are having sleep nights as if they declare the amount and deposit the major some of the amount will come under unaccounted money and will be seized publicly. Many of the tollywood actors, who accept their remuneration in Black Money from producers are now in panic as well.Sources close to the top tollywood people have revealed that, a top popular comedian is having nervous break downs with upto 2 crores of stashed money at his home going to waste. You may ask, how come actors accept black money as payment.
In Tollywood, money comes from Financiers, those who deal in real estate and mining business or many other sources where liquid cash is given more importance than bank transactions. These people since they feel they hail with cash bags have many friends in government officials and think they can get away without paying taxes and stash up money for their many dealings.Looking at them and falling for some greed, few tollywood actors as well, started accepting unaccounted money from these sources as final settlement allowing producer a breathing space before release. Since they do not want to announce this money publicly and pay tax at least from their side, they stash it up too. This top comedian, accepts almost 50% as black money, so he is panicking thinking about his 2 crores of money! NaMo effect already!
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