There was a Hollywood movie called "The Producers", which was a story of two guys, who deliberately want to make a flop movie, so that it suffers losses and they can make money in tax write offs.
However, the movie becomes a hit and the protagonists get arrested for tax fraud
However, the movie becomes a hit and the protagonists get arrested for tax fraud
As they say, fiction is derived from real life. In 1958, Kishore Kumar was making a ton of money, and was looking at the prospect of huge income tax (97.75% in those times for his income group). So he wanted to lose some of it.
He decided to make a flop movie, to show losses.
He decided to make a flop movie, to show losses.
The movie he made, "Chalti Ka Naam Gaadi".
However, contrary to his expectations, the movie became a blockbuster. So much so, that it was the second highest grossing movie in that year. That left a distraught Kishore Kumar.
He was left with more money than before.
However, contrary to his expectations, the movie became a blockbuster. So much so, that it was the second highest grossing movie in that year. That left a distraught Kishore Kumar.
He was left with more money than before.
To avoid the tax, he gave away the rights of the movie to his secretary.
The tax case as a result of it, remained unsolved till his death.
Thus proving that, Death and Taxes are the only two certainties, in one's life.
The tax case as a result of it, remained unsolved till his death.
Thus proving that, Death and Taxes are the only two certainties, in one's life.
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