4 ms·
Isn't auditing for tax purposes a means of annulling black money?
by vikiomega9 9y ago
Isn't auditing for tax purposes a means of annulling black money?
- kinkrtyavimoodh 9y agoIt is, but the initial claim was that this would basically convert the millions of rupees of black money that's hidden away into worthless paper. That was the promise on which millions of poor Indians were asked to stand in long lines—that even if it inconveniences them, it would inconvenience the rich and corrupt even more. Clearly that did not happen.
- grwthckrmstr 9y agoThe unfortunate truth, I hope I don't get hate for saying it here, is that those poor people who need the money the most suffered, and even died during the demonetisation exercise http://mashable.com/2016/11/16/india-people-dying-demonetization/ http://mashable.com/2016/11/16/india-people-dying-demonetiza...