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Thread: Surgical Strike against Black Money

  1. #1
    Join Date
    Aug 2014
    Posts
    698

    Default Surgical Strike against Black Money

    PM Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from mid night. Modi said the step was taken to control the menace of black money in the country, which has sapped the economy.

    Here you can also check what to do with old 500 and 1000 Notes

    Exchanges these notes showing ID proof
    Deposit notes in banks and post office only
    Can exchange notes b/w Nov 10 to Dec 30
    No restriction on card payment, cheque, DD, Electronic funds transfer
    Rs 10,000 withdrawal per day, Rs 20,000 withdrawal per week
    Neha Rani
    Success doesn't come to u , U Go To It....

  2. #2
    Join Date
    Feb 2015
    Location
    Chandigarh
    Posts
    574

    Default

    Huge supporter of Surgical Strike against Black Money but my only concern what about the troubles common people facing for two days one thing which is completely wrong here is as usual government will not have a proper plan to launch such a big thing which will trouble common people. Anyhow heartily welcome the masterstroke played by PM Modi to accomplish the dream of corruption free India.

  3. #3
    Join Date
    Sep 2014
    Posts
    978

    Default

    Salute to You PM Modi. Awesome Idea...!!

    A very good move by Modi government. What a fantastic move against black money to ban Rs 500 and Rs 1000 notes! This will be a game changer. I welcome it whole heartedly.

  4. #4

    Thumbs up

    This is the best way to find out black money and to reduce corruption in India.

  5. #5
    Join Date
    Oct 2016
    Location
    Chandigarh
    Posts
    4

    Default

    Good Decision By RBI and Indian Government.
    Narendra Modi is best Prime minister ever.

  6. #6

    Default

    This is the best move played by PM Narendra Modi to make India corruption free. Narendra Modi is the best PM of India.

  7. #7
    Join Date
    Sep 2014
    Posts
    371

    Default

    I'm really happy with Decision taken by our PM Narendra Modi...

  8. #8
    Join Date
    Aug 2014
    Posts
    698

    Default Pay 50% tax on unaccounted deposits, or 85% if caught: Gov

    Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught.

    Additionally, a 10 per cent penalty will be levied on the undisclosed income and surcharge called PMGK Cess at the rate of 33 per cent of tax (33 per cent of 30 per cent).

    Currently, the penalty is 10 per cent of the income, if the income is admitted, returned and taxes are paid. Penalty is at 60 per cent in all other cases.
    Neha Rani
    Success doesn't come to u , U Go To It....

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