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T.N. man deposits Rs.246 Crore, to pay 45% tax



An unidentified individual from Tamil Nadu has deposited Rs.246 crores into his account. The money was deposited from Tiruchengode in Namakkal district in an Indian Overseas Bank branch and all the funds were of demonetised currency – Rs.500 and Rs.1,000

The man has agreed to pay 45% of it as tax under the amnesty scheme. The Govt of Tamilnadu and Puducherry  has so far seen an amount of Rs.600 crore being deposited into 200 individual and company accounts since the demonetisation was announced and has set a target to collect Rs.1,000 crore.

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