Fortunately, it is still not too late for those who have yet not declared their unaccounted cash deposits. During initial days of Demonetisation, terrorist funding, property buying, gambling all these activities did reduce and it was obvious as there was cash crisis.. thesis assistance writing workshop ppt The second step that the government initiated was a tax declaration of the income and had given October 30, deadline for this purpose.
Tempers are running high among the masses as there is a delay in the circulation of new currency. November 12, at 5: The demonetization policy is being seen as a financial reform in the country but this decision is fraught with its own merits and demerits. english lit essay help example The government succeeded in encouraging people to use digital means for making transactions.
The tax base has increased but the volume of business in the local market is considerably affected. January 23, at 5: It is very easy to let other suffer and gain from it. content writing services vancouver zoo The only benefit of Demonetisation is increase in tax collection and increased tax payers… But cost paid for this is huge economically and socially. March 6, at 5:
Best cheap essay on demonetisation in hindi developmental psychology extended essay topics 2018
The government has to lead the way. The second step that the government initiated was a tax declaration of the income and had given October 30, deadline for this purpose. This move will help the government to track the black money. Whole government came up in defence of a private businessman name jay shah when question was raised of his business… Just like Congress did for robert vadra. They are running to the banks to exchange, deposit or withdraw notes.
Most of the fake currency put in circulation is of the high value notes and the banning of and notes will eliminate the circulation of fake currency. The government has to lead the way. But if you failed to declare the undisclosed income cash deposits during the demonetisation period under PMGKY and are subsequently identified by the tax department, then you will have to face the following consequences:
The rupees note is a burden on the people as no one likes to do transaction with such high value currency. Government intention is good. I have a question, 1. Disadvantages of Demonetisation On the other hand, the critics of demonetisation have a completely different opinion about the effects of demonetisation on the Indian economy. As a result, there is lot of uncertainly and businesses are showing signs of slow down.
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March 28, at 6: As a result, there is lot of uncertainly and businesses are showing signs of slow down. January 21, at 7: But if you failed to declare the undisclosed income cash deposits during the demonetisation period under PMGKY and are subsequently identified by the tax department, then you will have to face the following consequences:.
Secondly ATM were caliberted to work with old Rs notes. He makes taxes easy to understand for people. english essay writing service pdf free download It is very easy to let other suffer and gain from it. He creates content for the website, marketing activities and social media. At the same time, daily wage earners, auto drivers, hawkers and small employees are forced to go for digitalizing their transactions.
This becomes even more important when there are other related moving parts such as goods and services tax GST , clean-up of the banking system, real estate sector reform and others going on at the same time. They are running to the banks to exchange, deposit or withdraw notes. buying a research paper about abortion introduction Your email address will not be published. Black money hoarders able to convert all their black money into a compact form which avails them to keep more money in the same safe locker. September 24, at
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They can now deposit their cash under this scheme and this money can be used for the developmental activity of the country. The government has taken few steps in this direction much before its November 8, announcement. CBDT disclosed information on how demonetisation affected black money and helped in widening of tax base and direct tax collections. The bill contains some heavy penal provisions for the tax evaders.
Now, everyone wants to know if it was a masterstroke by the government or a setback to the nation. January 23, at 5: For FY , 1. January 21, at 7: