Update #Rs500 and #Rs1000 notes can be deposited in exchange at banks or post offices
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IndianMascot
Core Member
There was a chaos yesterday in Mumbai as public were out on streets till mid night to consume their higher denominations notes. Police बन्दोबस्त was deployed to avoid any law and order situation.
So over this decision seems to be impacting huge. Everyone including black money holders is stunned.
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So over this decision seems to be impacting huge. Everyone including black money holders is stunned.
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scorpionking76
EntMnt Knight
DashMajor
EntMnt Knight
Zee toh dikhayega hi many people glued to watch GEC rather then News
Some zee channel scroll running 500&1000 news related
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Music Fan
EntMnt Contributor
That's not good at allThose in Swiss will remain safe
Many people invested money in property, gold & lands
What about that?
Modi should take decision on that too
Gagan007
Newbie
All in good time bro. Modi and his team must have made many enemies by this decision. Other things may take some more time.
Benefit of such sudden announcement is that people won't get chance to convert their black money. Secondly, black money hoarders will not be able to convert their money anyway now (those who do not realize, people with black money have crores not thousands or lakhs, believe me I know
). They were given chance till Sep 30,now it's all lost for them. And for good. Such announcements are like caviar for me, I love about this government is that 8 don't get to hear some new scam news daily.
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DashMajor
EntMnt Knight
Many trying to spread panic from this move.
I think now it will be worry for commoner to carry 2K notes as well.
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I think now it will be worry for commoner to carry 2K notes as well.
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As an SR Accountant my review on these,
1st.Who are holding 500 & 1000 Rs respectively at last 4000 Rs per day can be exchange in any bank and post office sub post office till December 30 2016 in this same bank account holder or same post office account holder no need to carry of proof just need to mention the account number in the note is enough who going others bank without account need to submit the proof and this will be on recording of special camera back side of cash counter not CC cam,
Till 11 November 2016 which place as modi sir says there are also not accepting the 500&1000 this is due to our incorporation because there are out of change as today all petrol bunks are too much full every one holding only 500 & 1000 which I believe to hurry to get the change and exchange ones the bunk person told no change every one left,
Every week 20,000 rs is the only withdrawn available till 25th November per day if required 10,000 can be able to withdrawn from 11th on-words on today & tomorrow ATM s will not work but some will start tomorrow and debit card and credit card also having an transaction issue at present today so may be resolved by evening,
Bad move is releasing 2000 rs note but they pacing a GPS chip which will show the place the amount laying in this if the bank holding 40 cores in the year ending as on 31.3.2017 they need to provide the breakup to the Income tax Dept after filling the income tax returns from firms and individuals they will do the reconciliation whomever did not enclosed the value details they will receive scrutiny ones they received if unable to provide the details the amount will be sealed this was an good option to control on black money.
But this is not an complete resolutions on black money need to see lot of improvement below mention points.
1.Out of state holding bank accounts by Indians with black money?
2.Whoever holding dollars in India largest amount is there how it will be out?
the above is the major issue & for this sudden statement only low class and middle class are suffering a lot at present due to non exchange and non availability of changes and no proper arrangements and big shots like reliance group already know this so lunched JIO made black money in white so big shots also done there levels the only thing in 100% of black money maximum 40% will be closed remaining need to be done.
Overall good move Modi sir stand on his words let see the other black money holders how to escape now majorly Real Esate business peoples got creased
1st.Who are holding 500 & 1000 Rs respectively at last 4000 Rs per day can be exchange in any bank and post office sub post office till December 30 2016 in this same bank account holder or same post office account holder no need to carry of proof just need to mention the account number in the note is enough who going others bank without account need to submit the proof and this will be on recording of special camera back side of cash counter not CC cam,
Till 11 November 2016 which place as modi sir says there are also not accepting the 500&1000 this is due to our incorporation because there are out of change as today all petrol bunks are too much full every one holding only 500 & 1000 which I believe to hurry to get the change and exchange ones the bunk person told no change every one left,
Every week 20,000 rs is the only withdrawn available till 25th November per day if required 10,000 can be able to withdrawn from 11th on-words on today & tomorrow ATM s will not work but some will start tomorrow and debit card and credit card also having an transaction issue at present today so may be resolved by evening,
Bad move is releasing 2000 rs note but they pacing a GPS chip which will show the place the amount laying in this if the bank holding 40 cores in the year ending as on 31.3.2017 they need to provide the breakup to the Income tax Dept after filling the income tax returns from firms and individuals they will do the reconciliation whomever did not enclosed the value details they will receive scrutiny ones they received if unable to provide the details the amount will be sealed this was an good option to control on black money.
But this is not an complete resolutions on black money need to see lot of improvement below mention points.
1.Out of state holding bank accounts by Indians with black money?
2.Whoever holding dollars in India largest amount is there how it will be out?
the above is the major issue & for this sudden statement only low class and middle class are suffering a lot at present due to non exchange and non availability of changes and no proper arrangements and big shots like reliance group already know this so lunched JIO made black money in white so big shots also done there levels the only thing in 100% of black money maximum 40% will be closed remaining need to be done.
Overall good move Modi sir stand on his words let see the other black money holders how to escape now majorly Real Esate business peoples got creased
While some useless and anti national politicians along with their blind followers, are busy blaming the Govt. due to the fear of getting caught, this is how the common people of India are supporting Modi Govt.'s masterstroke against black money..
Hats off!
Hats off!