Demonization of Currency

For now, this year, the tax season is over. How ever, the latest buzz is about the demonitization of 1000 and 500 currency notes. It is a master-stroke and though it has caused anguish and anxiety to scores of people, this was the best and perhaps the only way – India is a vast country with varied languages and types of population. Rooting out Black Money is not an easy task. At the same time, the spread between 2000 and 100 denominations was too vast to not cause problems. In days to come, I am sure things will develop in more interesting ways. Let’s wait and watch. Cheers!!

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13-Nov-2016 | 02:50 Hours IST | #CAVSM |

Published by CA Vikram Shankar Mathur (V)

Am a chartered accountant (FCA) living and practising in Ahmedabad, Gujarat, India. vsmathur (at) vsmathur.co.in

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