Expect all demonetised money to come back to system
- by B2B Desk 2016-12-07 10:25:12
Government expects the entire money in circulation in the form of currency notes of Rs 500 and Rs 1,000 which have been scrapped to come back to the banking system so that the tax authority can trace the transactions and tax black money hoarders.An estimated Rs 11 lakh crore has been deposited in banks.The return of the high-value notes in circulation will be an end to the impact of the exercise of demonetisation.
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