Impact of Demonetisation on Black Money, Tax Base and Direct Tax Collections

Last updated: 01 September 2017

The Government of India launched a concerted drive against black money with Demonetisation being an important step in that direction. Among the main objectives of Demonetisation was the flushing out of black money and also the conversion of the non-formal economy into a formal economy to expand the tax base. The impact of Demonetisation on black money, widening of tax base and Direct Tax Collections is summed up hereunder: A.Impact on black money: Quantum jump in Enforcement actions based
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

View News
Comments :

Recent News :

  1. CBIC Chairman Discusses 57th GST Council Reforms with Trade Associations in Bengaluru
  2. IDBI Bank Privatisation: Fairfax Group Wins 60.72% Stake Acquisition Deal
  3. ICAI Gives Last Opportunity to Submit MEF 2026-27 Application on 15th to 16th October
  4. FM Sitharaman Open to Hearing Views on LTCG Tax Removal Ahead of Budget 2027-28
  5. UPI MDR on Select Merchant Transactions to Be Implemented After Diwali 2026
  6. EPFO Extends September 2026 ECR Filing and PF Payment Deadline to 31st October
  7. ICSI Seeks MCA Annual Filing Due Date Extension Till 31st Dec 2026 Without Additional Fees
  8. No New GST on Food Delivery Services. Rate Reduced to 5%, Clarifies CBIC
  9. ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
  10. GST Portal Enables GSTR-9 and GSTR-9C Filing for FY 2025-26

More »

Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Ankit MehtaAnkit MehtaPro Member jaspreet sidanajaspreet sidanaPro Member Chaitanya VoollaChaitanya VoollaPro Member Anjum AshrafAnjum AshrafPro Member atul kumar soniatul kumar soni
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details