Demonetization: Why India needs a Rs. 200 note?

Craig Dsilva , Last updated: 06 December 2016  
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Let me begin with a question framed in an IAS exam: A lady boughtRs. 200 worth of grocery from a shop and gave a note of Rs. 1000/-. The shopkeeper didnthave change so he arranged change of Rs. 1000/- from a neighbour shopkeeper. He added Rs. 200 to his cash box and handed over Rs. 800 to the lady.

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Published by

Craig Dsilva
(Chartered Accountant)
Category Income Tax   Report

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