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CA Mehul Shah answers #eChaiQnA : All you wanted to know about Rs. 500-1000 currency ban

Join us today at 4 pm to discuss about the impact of the Rs.500-1000 currency ban and what you ca...
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Ca Mehul Shah

The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

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