Amitabh Bachchan NFT

NFT CURRENCY FIAT CRYPTO FOREX

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Amitabh Bachchan NFT

Bollywood giant Amitabh Bachchan has paid over 1 crore ($131,000) in taxes as part of an investigation into his NFT sales.

The 79-year-old — a legend of Indian television and cinema — has faced scrutiny from tax officials since a big-money auction last year.

Back in November 2021, Bachchan's NFT collection generated more than 7 crore ($917,000) in revenue

 

 

His bill is linked to the fact that an 18% Integrated Goods and Services Tax is slapped on the sale of non-fungible tokens.

Bachchan settled the bill after a notice by the Directorate General of Goods and Services Tax Intelligence, but an investigation continues.

The star's range of NFTs included the actor reciting Madhushala, a famous series of poems that were written by his father.

Digital posters and images were also offered to fans through the auction on BeyondLife.club.

Bachchan was the first Indian actor to embrace digital assets — and his sale reportedly smashed records for India's highest-ever NFT sale.

He said the sale was a "proud moment" that paves the way for fellow stars to engage with their fans in new ways, adding:

"In this world of digitization, NFTs have opened a new realm of opportunities to engage with my fans even more than before. The successful auction of my NFTs, some of the most treasured and personal moments of my life and career were so well received and invested in by my supporters."

Several celebrities have indeed followed suit — including Bollywood actor Salman Khan and star cricketer Zaheer Khan

 

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MILAD ، شنبه 6 فروردين 1401 ، 17:24