>>This is the important part, money coming back to the system doesn't mean people can get away with it. Nobody with big money worth chasing after deposited mon

>>This is the important part, money coming back to the system doesn't mean people can get away with it. Nobody with big money worth chasing after deposited money in the banks. There are some real estate developers who preferred to throw money in lakes than give it back to the government. >>An elaborate exercise is going on and I read multiple stories where the tax dept is sending notices to people with dubious deposits. Basically any body smart enough to put it back into the bank has long covered their tracks. Also it will take forever given the population scale. >>Digital payments certainly went up, people started using bank accounts. Temporarily, I'm back to DeMo days. People and shops around me too. These days if you say you will pay by PayTm they just give you blank stare and ask you to come back by cash.