Demonetisation Ordinance, 2016 and its wide implications on the incidence of tax on the demonetised currency, is the subject of the hour for the tax fraternity.
Instructions and clarifications besides a limited amnesty, Pradhan Mantri Garib Kalyan Yojana, 2016 has been discussed elaborately in the book.
It deals with undisclosed income under the existing law, means to be adopted for conversion of demonetised currency and the manner of availing the concessions given under the various schemes and instructions.
Case law under the prior two demonetisations comes handy in solving possible problems under the present Ordinance.
Extensive coverage of all aspects of statute, procedure and the precedents would serve as a guide and handbook for all those dealing with demonetisation whether as a declarant, consultant or administrator.