1000 rupees notes Archives - H&R Block| Blog

1000 rupees notes

November 6, 2017

Advantages and Disadvantages of Demonetisation

It has been almost a year since government demonetised 500 and 1,000 rupees notes. It was a major decision which had its impact on all sections of the society. Now, everyone wants to know if it was a masterstroke by the government or a setback […]
December 22, 2016

How Long will Cash Crunch Last?

It has been more than a month since government demonetized old currency notes of denomination 500 and 1,000. Nonetheless, people are still lingering with the resulting cash crunch. Government has asked people to bear the pain for 50 days but the prevailing situation has left […]
November 29, 2016
old Rs.500 notes

Demonetisation: Proposed Revision of I-T Act and Validity Extension of Old Rs. 500 Notes

Government has planned to introduce amendments in the Income Tax Act to nab those who are depositing their undeclared income into bank accounts post 8 November. Government has used several tactics so far to flush out black money from the system but every time black […]
November 23, 2016
Would demonetization of 500 and 1000 rupees note help to reveal the black money?

Would demonetization of 500 and 1000 rupees note help to reveal the black money?

The reigning government has delivered another massive blow on the parallel economy in the ongoing war against it. In an unprecedented move, government demonetized Rs. 500 and Rs. 1,000 notes with effect from November 9, 2016. Black money is like the legendary Greek monster kraken […]
November 14, 2016
Cash Withdrawal - Demonetization

Now You Can Withdraw More Money Daily

Here is a good news for all the citizens standing in queues outside ATMs and banks to withdraw cash. Withdrawal limit over the counter and from ATMs has been revised by the government on Sunday. From today onwards, you can withdraw Rs. 500 daily from […]
November 9, 2016
500 and 1000 Notes

What to Do With 500 and 1000 Rupees Notes?

Yesterday, government took the nation by storm when it announced demonetization of 500 and 1000 rupees notes with effect from midnight. This has come as a major milestone for the reigning government as it has killed two birds with one stone with this masterstroke. Government […]