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Old currency

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(Querist)
20 March 2017 My client has old currency of 1.25 Lakhs which he was not able to exchange previously because it is misplaced somewhere in house which is now found . can he do anything to chane it? thanks in advance.
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
20 March 2017 Now nothing can be happened, but don't do anything in haste because there is severe penalty on holding more than 10 notes in old currency, wait for sometime because case is pending SC regarding exchange of old currency notes from RBI
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