Ever since Prime Minister Narendra Modi announced the demonetization, it has been giving sleepless nights to all those who horde black money. It is obviously the wealthy who are running helter skelter to protect their earnings which are not taxed.
Even the film industry is no exception as many transactions happen in black. Now, there are reports that many Tollywood biggies are in some tension. Buzz is that Income Tax raid chances are high since many have reportedly fallen under that radar.
As a result, it is heard that the biggies are preparing and doing their best to evade this. On the other hand, few have already started pulling few strings to ensure they don’t get targeted. The coming days will reveal whether the IT authorities will really do what is expected of them or not.
