This is_important_to read. Like others_I also wondered on why this move_until a_fwd came yesterday. It was a very_very_long read_but explained_by some_CA and it makes_sense. So_I thought it should be fwd to others am Im attempting_to explain in short:
When you deposit notes, you write how many notes of 500 and 1000 on the slip. Suppose new 500 notes were there and you deposited 10 old notes of 500. Then you withdraw 10 new notes of 500. You keep them saved somewhere. Then you deposit 10 old 500 notes again and again withdraw new 500 notes. But when the 2nd time you and lakhs of people deposit the old notes the 2nd time, there's no way bifurcate from lakhs of crores who deposited old notes specifically. You can show in your accounts that the 2nd deposit was the same amount what you withdrew 1st time. And you could repeat this over n over. In your books it would look like just 5000 is being deposited.
Re: Logic_behind_2000_note
by Abhinav Jain on Nov 13, 2016 08:42 AM
If this were to happen then when next year returns would be filed, the cross verification that IT would do to compare amounts deposited against note types then IT would not be able to segregate lies_from_truth.
If any CA can prove above_wrong then please do so we all can benefit from the knowledge. If not then I think we all can agree, Modis thinking starts where our ends.
This case must be filed against Modiji. This is not the way for finding black money. Common People are suffering a lot.Then why he has increased his and MPS salary to 3,00,000. Govt. officers and MPS will become rich and common people will loose jobs and earn less than 10,000
......against the corrupt , looters and hoarders of illegal cash which is an evil that needed to be eradicated since a long time but the earlier governments were themselves corrupt and therefore very weak to take such strong measures which could naturally create some difficulties for the people of the nation and could be exploited by irresponsible politicians like kejriwal, mayawati, mulayam, rahul gandhi,mamata bannerjee, etc.People however need to know that President PRanab Mukherjee and some opposition politicians like JDU's Nitish. BJD's Naveeen Patnaik, some southern states leaders have all welcomed the bold and strong surgical strike against black money. The citizens are bravely facing the short-term difficulty of ready cash in their own and the nation's interest in the long run.
Re: Modi Is Strong....Taking All Risks On Himself In This Mission
by rick bhar on Nov 12, 2016 01:24 AM
it is always better to take brave and risky decision earlier in a 5 year term..good work and planing of Modi and his team..
......the success of this great mission against black-money shall fully go to the credit of staff and management of banks all over india on the govt. side....and to the billion-plus well-wishers of the Nation as citizens of india who bear the short-term difficulty of ready-cash with them for 2-3 days. One must praise the huge work this change of currency involves for the govt. and how secretly it needed to be planned in order to be really effective in cleaning the moneysystem of the nation which had become a severe nuisance with crores of illegal cash hoarded in the hands of crooks and looters within the nation. This action was needed and could only be implemented with a DEDICATED BANKING STAFF AND MANAGEMENTS OF THE NATION , WHO EVERY BANK-ACCOUNT HOLDER MUST THANK IN THIS HOUR WHEN THEY ARE FACING THE HIGHEST ADMINISTRATIVE PRESSURE.
Modi is a Hitler....only salaried people are happy seeing wealth and more importantly future of businesses bleak.. What will people who earn daily wages do.. No construction work.. What will unemployed people do less business less employment.. Lots of people save few lakh of money for medical emergency..2 lakh is not sufficient for Medicaid emergency nowerdays.. Modi should have raided bureaucrats politicians n babus.. There are lots of businessman doctors etc.. Who have hard earn money their wealth is eroded n future of businessman poor dependent unemployed people is very blea
Instead of banning the notes overnight, our beloved PM could have given the same 50 days to return the 500/1000 notes and capped the return to below 2.5L per day. People could have been allowed to still use their in-hand notes until 50 days and a complete seize from January 1st on-wards
It would have been a wonderful success for this scheme
His as-usual attitude of "me and only me" is making the entire India suffer today
Re: A FAIR DECISION WAS NEEDED
by rick bhar on Nov 12, 2016 01:16 AM
do you actually understand what he has done..you just wrote some thing...the idea was to make people to come to bank to return the 500/1000 notes so that the black money comes back to government instead people using that black money to invest somewhere..educate yourself and cooprate with govt unless you wanted to hide black money..
Its a failure of humanity in India that 70 years old men were standing in queue and people around him did not let them go first..don't blame it to the queue have some compression and respect towards elderly people..I know Indians have the least humanity values around the world..
I hope Modiji and his co workers will read this article. Will they go and stand in the line like a common man to get the notes changed. Perhaps they have enough money in their pockets before announcing the change.
