Even as the film stars do their nautanki – like Salman Khan gets just 10 percent of his income and that he signed his first cheque 5 months ago (as credible as his claim of being a ‘virgin’ at 48) – and we just smile at the half truths and pretty lies that is an inevitable part of Bollywood, a rather sinister aspect of Bollywood lies goes unnoticed.
Everything about Bollywood is as fake as a six hundred rupee note featuring Madhubala in front. But this here is the story of intentional lies, fraud, tax evasion and perhaps violation of FEMA (Foreign Exchange Management Act).
First the shocker and then my story.
The shocker: With visible pride YR films announced last week that their Aamir Khan-starrer Dhoom3 created Bollywood history with gross box office collections that touched a never heard figure of Rs 500 crore worldwide, a first for any Indian film.
But YR films have paid only Rs 5.5 crore as advance tax! And when the dust settles down they would pay, may be, another 5 crore, employing what is described as ‘Bollywood accounting’.
It is the same with the entertainment tax.
It has been a boom time for Bollywood with the growth of multiplexes. 3 Idiots collected Rs 227.13 crore
Krrish3 made 300 Rs crore though an over enthusiastic Rakesh Roshan claimed the collections to be Rs 500 crore!
Shah Rukh Khan claimed that his ‘Chennai Express’ had broken the record of !3 Idiots’.
Continue reading “(Not so) Pretty Lies of Bollywood”