Bahubali Breaks Income Tax Records!

Made as a prestige of Telugu cinema, ‘Bahubali’ broke many records at Box Office with its technical and casting strength. Into the production of ‘Bahubali 2,’ yesterday’s attacks by Income Tax officers on the film producers houses and offices resulted in seizing of 60 Crores cash, as few media agencies quoted today in headlines.

Alerted by these IT raids, many of the film community big heads possessed with loads of black money ready to get drained into black market either for new currency conversion or into gold form (on commission basis) have dropped their immediate plans. Reports are in that, commission agents working on this conversion process through Hawala are also kept under intelligence agencies surveillance with many of their phones tapped.

Sudden IT attacks on few of the Mumbai gold shops and ‘Bahubali’ offices yesterday in Hyderabad were the result of such high level operation. 

‘Neither can we hide the cash for long (because December 30th is the final exchange date) nor can we keep the liquid cash at home (frightened with the IT raids),’ an anonymous businessman/producer from Andhra Pradesh reportedly said. As of now ‘Bahubali’ is not only a record breaker at BO in collection terms, the film is also a record holder in terms of amount seized by IT raids.