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True or false Demonetization is not …

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True or false Demonetization is not a tax administration measure.

Posted by Manav Sharma 5 years, 3 months ago

CBSE > Class 12 > Business Studies

1 answers

Gaurav Seth 5 years, 3 months ago

False

Demonetisation is viewed as a tax administration measure. Cash holdings arising from declared income was readily deposited in banks and exchanged for new notes. But those with black money had to declare their unaccounted wealth and pay taxes at a penalty rate.

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