March 23, 2022

Amitabh Bachchan issued tax evasion notice for his NFT sales

The first Bollywood star to endorse NFT, Amitabh Bachchan, paid 1 crore ($136,000) in tax for Madhushala.

Madhushala NFT has picked up Rs 7.15 crore. The tax due was Rs 1.09 crore, which was paid by him as 18% IGST.

Madhushala, a famous collection of poems written by Harivansh Rai Bachchan and recorded in Amitabh Bachchan's voice.

Based on Guardian Link’s Anti-RIP NFT technology and partnership with Rhiti Entertainment in GuardianLink.io for the sale of his NFT.

India’s Directorate General of Goods and Services Tax Intelligence (DGGI) has sent a notice to the Big B.

From the Hyderabad division of DGGI, D. Purushottam stated that the investigation is active.

Amitabh Bachchan’s NFT collections in Nov 2021, reached USD 5,20,000.