Man deposits ₹246 cr black money, to pay ₹110 cr tax: Report
A Tamil Nadu businessman reportedly deposited ₹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 ₹110 crore in tax on the unaccounted money. Over 200 Tamil Nadu entities have reportedly deposited ₹600 crore in unaccounted money since demonetisation.