The only benefit of Demonetisation is tax collection which was the main motive of government but this costed huge to us as a nation.. He makes taxes easy to understand for people. thesis justification It is very easy to let other suffer and gain from it. Hence, those who made these deposits will get that income back after 4 years but without any interest.
A major achievement of demonetisation has been that it has helped the government in tracking black money. Even though deposits up to Rs 2. us essay writers and their works Actually the black money with the black minded people will remain always in black. November 27, at 4:
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The rupees note is a burden on the people as no one likes to do transaction with such high value currency. Your email address will not be published. July 16, at During cash crisis, government changed its goal post to cashless economy as it was benefial to them in collecting tax but this lasted for few months. They were asked to deposit all the money in their Jan Dhan accounts and do their future transaction through banking methods only.
November 7, at 9: If the claims are correct then it should take years for people to generate that amount of black money again and hence in a way it helps in putting an end this circle of people doing illegal activities to earn black money and using that black money to do more illegal activities. Due to the cash crunch, the entire economy has been made to come to a standstill. They can still file or revise their tax return for AY on or before 31 st March by declaring it in the appropriate manner and paying the due taxes on it.
People become or made responsible to pay the tax. Ifi a raid is conducted on you in such a case, then you will have to pay The sudden announcement has made the situation become chaotic.
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During cash crisis, government changed its goal post to cashless economy as it was benefial to them in collecting tax but this lasted for few months. At the same time, daily wage earners, auto drivers, hawkers and small employees are forced to go for digitalizing their transactions. thesis on english writing skills January 4, at 4: With introduction of notes it is easier to accumulate black money. Disadvantages of Demonetisation On the other hand, the critics of demonetisation have a completely different opinion about the effects of demonetisation on the Indian economy.
The government has taken few steps in this direction much before its November 8, announcement. Another disadvantage is that destruction of old currency units and printing of new currency units involve costs which has to be borne by the government and if the costs are higher than benefits then there is no use of demonetisation. best paper writers workshops March 31, at
The government is finding it hard to implement this policy. September 24, at Based on demonetisation data, the government boosted its enforcement actions which had the following results:. essay help writing quiz questions During cash crisis, government changed its goal post to cashless economy as it was benefial to them in collecting tax but this lasted for few months. After a year or so it will come back as before..
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June 30, at 1: Hence, those who made these deposits will get that income back after 4 years but without any interest. Even though deposits up to Rs 2. We can also include the point that the government says that the money flowed into the system could be converted into white money after deducting the liability and some penalty… In favour… Thank you…. Beginning of Less Cash?
Many poor daily wage workers are left with no jobs and their daily income has stopped because employers are unable to pay their daily wage. Change is required in thinking among those people. We can also include the point that the government says that the money flowed into the system could be converted into white money after deducting the liability and some penalty… In favour… Thank you….
Banks and ATMs witnessed long queues while small businesses suffered temporary financial losses. July 16, at The government has to lead the way. Here is what the supporters of demonetisation have to say about the benefits of demonetisation:.