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Old notes ban.. does it mean to stop doing business????

Dimple (Student) (364 Points)

28 November 2016

banning old notes does it really mean to stop business?????

PLZ REPLY

THANKS

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3 Replies

CA Raj Doshi (Practising CA) (8924 Points)
Replied 28 November 2016

Yes. Business has drastically fallen where the majority of the business was actually in cash. eg. Stationery Store, Mobile phone store, Accessory and imitation jewellery store. Business has halted

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Dileep C Dillu (4 Points)
Replied 30 November 2016

Don't get it in that manner. Old currency in banned not the Money. Currency notes are just a form of money. Business may effect but it can overcome all these within a short span!

ankita gandhi (student) (5908 Points)
Replied 03 December 2016

Yes, business are getting affected, but go ahead with options like FreeCharge, Paytm or card swapping machine. These are useful, as salaried people are having money in their bank account, so internet banking or mobile banking can help u. This is for short span, we can just look a way out and next possible solutions for it.