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Old notes can’t be exchanged now; govt likely to levy 60% tax on unaccounted bank deposits – Daily News & Analysis

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Daily News & Analysis
Old notes can't be exchanged now; govt likely to levy 60% tax on unaccounted bank deposits
Daily News & Analysis
You will not be able to exchange your old Rs 500 and Rs 1,000 notes in banks as the government on Thursday stopped the swapping of these currency notes over the counter. However, you will be able to deposit them in your accounts till December 30.
Centre gears up to get rid of black money, carries out regular raidsIndia Today
Demonetisation: As bank deposits grow by Rs 6 lakh cr, government set to impose hefty leviesFinancial Express
Unaccounted deposits post demonetisation likely to attract up to 60% taxEconomic Times
Business Standard –The New Indian Express –Oneindia –Livemint
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