No Effect On Barath Bandh

It's greatest India, most of the opposition parties are participated in Barath Bandh. But public not given any support to them(opposition parties).

Opposition parties on Monday held a approach meet where they decided to maintain their stir in Parliament till high Minister Narendra Modi replies to their concerns and a JPC probe is announced in alleged leak of the decision.

The opposition parties had been divided over the methods to protest in opposition to demonetisation ever due to the fact Trinamool Congress chief Mamata Banerjee decided to march to the President in opposition to it.

"If they may be protesting then they ought to be protesting in opposition to corruption, black cash, fake foreign money and terrorism. I simply don't remember that they're fighting in an opposite direction. The entire us of a is with the authorities in this campaign towards black cash and corruption below the management of Narendra Modi but the Congress and other competition events are acting in a contrary path,"

Govt Said: New Rs 1000 Coming with Extra Security Features

The Govt will introduce new Rs 1000 notes in a few months and also issue the new series of low denomination with high security features.

The Govt had on Tuesday demonetised the Rs 500 and Rs 1,000 notes, already in circulate, as part of its efforts to clamp down towards the black money, fake currency and terror financing. Those are being changed with new currency bills of Rs 500 and Rs 2,000.

"Rs 1,000 notes with new features will be delivered into the marketplace in a few months," monetary Affairs Secretary Shaktikanta Das said at the same time as addressing the financial Editor's conference in New Delhi on Thursday.

New Rs 2000

The foreign money notes of lower denomination of Rs a hundred and Rs 50 will continue to be the criminal gentle, he said, adding the Reserve Bank will come out with new series of such notes with new layout and introduced security functions.

The Reserve Bank, time and again, has been introducing new collection of currency notes with new design and more advantageous safety capabilities.

Following the demonetization of the currency notes of Rs 500 and Rs 1,000, banks on Thursday started distributing new notes of Rs 500 and Rs 2,000.

The new Rs 500 banknotes have more safety functions besides having peculiar shade, theme and length which differentiate the brand new payments from the sooner series.

Deposit More Then Rs 2.5 Lakh, Need to Pay 200% Tax Penality

The government warned on Wednesday that cash deposits more then Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200%  penalty in case of income mismatch.

All cash deposited during the period of November 10 to December 30, 2016, above a threshold of Rs 2.5 lakh in every account.

The Tax department would do matching of this with income returns filed by the depositors. And suitable action may follow.

This would be treated as a case of the tax amount plus a penalty of 200 per cent of the tax payable would be levied as per the Section 270(A) of the Income Tax Act.

The government has allowed citizens to deposit in their bank accounts old currency of Rs 500 and Rs 1,000 denominations, which had been declared invalid in the nation's biggest crackdown on black money, corruption and counterfeit notes, between November 10 and December 30.

Small businessmen, housewives, artisans and workers who had some cash lying as their savings at home should not be worried about any tax department scrutiny.

If you deposit less then Rs 2.5 lakhs, there is no tax. We can deposit normally without any tax, but we have to show any identity card like voter ID, aadhar card, pan card, driving licence or ration card.