PM Modi attends a book release function on the occasion of Constitution Day in New Delhi!
PM raised voice on Old Currencies Rs.500,1000 - Ban!!
In connection to this Parliament Members in Opposition become louder and Houses adjourned.
In this issue my View:
Yesterday a clear cut direction issued by finance Ministry on 2.50 lakh and more Deposit in a Bank account of an account Holder!!!?.
In earlier announcement the declaration was 2.50 lakh and more deposit in an account is subject to prove the income otherwise it will fetch penalty of 200% of 2.50 lakhs and more and income tax on 2.50 lakh will be levied.
the present announcement:
Any one can do Deposit of 2.50 lakhs and more in an account in a bank,
and on that Deposit amount 60% will be taken in to the account of income tax by Government and remaining 40% will be paid back against that Deposit to the account Holder.
what is the shock and surprise here in this message!!!?
Till Yesterday that is 24th November 2016 (till the end of working hours of Banks )Black Money Holders were not Deposited their Black money was the 100% shocking News to the world and to People of India.
Also ,people Talk in India says , to arrive this 60% permission or sanction from Union Government Finance Ministry all the agitations and protests were happened in India and not for the sake of poor and Middle class people suffering was the shocking truth.!!!!
Now all protests will come to an end .
Bank's will also get Deposits of any Amount from all account Holders who were all need to deposit 2.50 Lakh or More and will follow the Finance Ministry Instructions received through Reserve Bank of India.
In My View. People Like Mr.Subramaniyam swamy to react on this after 31st December 2016. by using Right to know act an application to Reserve Bank of India and to the concerned in Finance Ministry to release the Deposits of amount More than 2.50 lakhs and Huge amounts listed in detail pertaining Name and address in Business and Home of Account Holders to Press and Media for the sake of Knowledge to the People of India and to the world.
by the above said act many will be forced by their self decision to change their profession immediately to settle down.