Unearthing and curbing of black money was one of the key objectives of demonetisation last year. There were reports of increase in suspicious transactions such as multifold increase in sale of gold and other valuables, increase in cash sales of businesses and other methods by which demonetised currency was being converted into new currency.
Shailesh Kumar, Director- Direct Taxation contributed an article on Revised ITR after demonetisation? You may face scrutiny, higher tax for Financial Express.
