Naresh Kansala (Visit www.nkansala.in for more article) (1425 Points)
09 November 2016How banning 500 and 1000 Rupee curb Black money
This is simple and laymen logic to understand how banning Rs. 1000 and Rs. 500 control the black money.
Wae Jing Lonthaw
(Others)
(345 Points)
Replied 13 November 2016
How can we justify that someone never evaded tax as foreign bank don't have statements older than 3 or 4 years. We pay highest tax in the world and this Govt want more tax.
Just like Europe people in India will be moving to Crypto currency, just like Sarkari dpeartments who no common man wants to deal, no one going out of India wants INR with them. Digital age, Crypto currency is best. I even started accepting Bitcoin with my clients 2-3 months back.
CAclubindia
