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Blog posts December 2016

Penalty for failure to return old notes

December 31, 2016

As effect of demonetization of Rs 500/- and Rs 1,000/- notes announced by PM Narendra Modi on the 8th of November 2016, notes worth Rs.15.4 lakh crore has been deposited out of which 12.44 lakh crore has been reported to be returned to the system or exchanged by public. Initially the last date for d…

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