Blog By mariam | 26-07-19
Salman Khan Is All Set To Become Mama For The Second Time
To each and every single person who was questioning the importance and need of Note ban, we have an answer for you. The decision has finally shown its potential.
A businessman from Gujarat gave away a staggering sum of ₹6,000 crore in cash to the government. Ohhh boy, now that's a hefty amount.
The businessman we are talking about is Surat’s famous diamond merchant and builder Lalji Bhai Patel. He is famous for buying PM Modi’s suit-jacket with his name embroidered on it.
The man returned all the black money that he had to the government in cash. The amount was humongous. What government did next is amazing.
Keep reading ahead to see that.
Government made this man pay tax on this heavy amount and the penalty of 200%. He will pay ₹5,400 crore as tax on the money deposited by him (30 % as tax, which is ₹1,800 crore and 200% fine on the tax, which is in all ₹5,400 crore).
Now this is a great step by government. A historic Note ban decision I must say!