Rahul Mehta Gandhinagar LsCandidate

what % of Rs 500 notes were printed before year 2005 ?

what % of Rs 1000 notes were printed before year 2005 ?

What is total cash in India?

what is total cash in banks?

What is total cash with public?

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1. Say I have Rs 100 crore of Rs 500 notes printed before 2005, and all of it is black money.

2. Say I but gold that money

3. Jeweller make sale receipt Rs 50000 each in the name of some = (100 * 100,00,000)/50,000 = 100 * 1000/5 = 100,000/5 = 20000 buyers.

4. Jeweller deposits old notes in bank.

So all govt gets is 1% VAT from gold sale.

So where is big gain?