The government and its diehard supporters will argue that it is too early to pass any judgement. After all, the frequent policy changes are being announced, precisely to plug every new leak that is detected. Unfortunately, the atmosphere of uncertainly and confusion is causing a new set of problems. For starters, it is fuelling rumours and fanning fears of an authoritarian State that encroaches on our rights in the name of fighting corruption. On 1st December, the finance ministry had to clarify that it was not planning to change the law to clamp down on the amount of gold that Indians can hold, or which the government can seize during tax raids. It is not clear if the clarification has, indeed, allayed fears. The Reserve Bank of India (RBI) also issued a press release asking people not to believe anything that is not officially announced on its website. But, remember, the rumours had found wide acceptance because of a pattern of policy announcements and legislative changes. Fears of intrusive government and tax terrorism are not without a basis. It is important to understand the sequence. 
The government’s action also indicates that its surgical strike on black money has missed its target. An article on IANS offers a simple arithmetic: currency deposited in banks in the first 20 days after demonetisation (Rs8.45 lakh crore) plus the cash reserve ratio (CRR) as on 8th November (over Rs4 lakh), plus another Rs50,000 crore as cash-in-hand adds up to Rs13 lakh crore, which is just short of the Rs14.5 lakh crore worth of higher denomination notes that were demonetised. With another 30 days to go, “it stands to reason that Rs2 lakh crore or more would come into the system till 30 December, thus throwing to the winds all calculation of the government to tackle black money,”it says. In fact, there are jokes and memes circulating on social media about the attempt to trap unaccounted wealth through demonetisation. One, attributed to a tax official, says, “With amount of money already back in bank, I fear it may be like Black Label whiskey, more money may come back than has been printed by the RBI.” Whether this could actually happen was also posed as a serious question at a discussion organised by the Bombay Chartered Accountants’ Society a couple of weeks ago. 
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Will anybody answer ?
Was there a mechanism to identify fake notes during note bandy
What is the additional interest burden on banks due to deposit s during note band
What is the final count?
Please listen to PM s first address after demonetization and his thsughts on taxation I am vindicated for saying hardly 1 % patpay I. Tax.
The high Taxation of 30 to 34 % ( ?)
If the tx is uniform say 10-15 % flat people would pay willingly .
Also to encourage Tax should be linked to insurance .What I mean is can the tx payer be insured free by Govt in lieu of tax for an amount say 20 times the tax paid ?
Can portion of Tax be returned after say 20 years ( 60 % of Taxpaid )
Can Tax payers be given Previlage cards so that Govt officers give them due respect ? can they be classified as VIPs if they pay Tax above 10 Lacs
We seem to treat tax payers as criminals insted of tax dodgers
By the way Mr Bhat Hon PM has reiterated what I said and you strongly objected to ( less that 1 % pay I Tax , and rest rejoice ? )
Action to be taken (a) All Agri income over 5 lacs to be taxed as per slab. (b) Donation to all political parties to be kept cash less. (c) business expenditure to be lowered from 20000 to 5000.
This should be applied to all Doctors. Doctors and hospital must accept over 500/- only in non-cash. Doctors /Hospitals/Builders/Businessmen are tax evaders with the help of CA and IT official nexus.
?? Mahesh