Man deposits Rs 246 cr black money, to pay Rs 110 cr tax: Report

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Tamil Nadu, 27 March: In a Tamil Nadu’s case, a businessman reportedly deposited Rs 246 crore cash in old notes in a bank after which Income Tax officials tracked and convinced him to join the Pradhan Mantri Garib Kalyan Yojana.

He agreed to pay about Rs 110 crore in tax on the unaccounted money. Over 200 Tamil Nadu entities have reportedly deposited Rs 600 crore in unaccounted money since demonetisation.

Wefornews Bureau

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