Wednesday, December 13, 2006

Foreign Exchange Management: A Big Headache for Bollywood Stars

Bollywood stars are good at acting and dancing and even fighting but it is clear that they are not skilled when it comes to Foreign Exchange Management. Herald Publications wrote:

Enforcement Directorate (ED) would issue show cause notices to 35 Bollywood personalities, including top actors Aishwarya Rai and Bipasha Basu, for alleged violation of Foreign Exchange Management Act (FEMA), ED sources said here today.

The notices would be issued soon to the Bollywood personalities who have come under ED scanner for allegedly receiving hawala payments, ED sources said.

Besides Aishwarya and Bipasha, other Bollywood personalities to whom ED is likely to issue notices are actors Akshay Kumar and Dino Morea.

These are some of the top guns of Bollywood. I guess they are not happy when they have to deal with tax. After all, they earn a lot of money and they are extremely rich. You know that rich people do not like to pay tax anywhere. Well, for this Bollywood stars, it is not a matter of just paying tax. It is much more than that. To find out more, just read the report.

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