Further to the announcement of demonetization by way of withdrawal of bank notes of Rs. 500 and Rs. 1000 denomination, the government has taken a step forward to curb black money. Concerns were ...

PM Modi’s announcement regarding the ban on Rs 500 and 1000 Notes has come as a surprise for all of us. But, this is not the first time that the Indian government has taken such a bold step to ...

From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow. Starting midnight, these notes will only be "worth the paper they ...

Post demonetization, the 500 rupee note remains a significant denomination, especially with the discontinuation of the 1000 and 2000 rupee notes. Reports indicate a significant increase in ...

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Since the assessee accepted and deposited demonetized currency after the cutoff date, it was not legally permissible, and thus, the cash was treated as unexplained and taxed under Section 115BBE. The ...