Pay 50 per cent tax on unaccounted deposits, or 85 per cent if caught: Government

[lazybugger]

what the fcuk am I doing wasting time instead of sleeping. by3.

[batman]

6 minutes ago, psycopk said:

dorikina vadini dorikinatu denguu... elections appudu ninu ongo bedataru...

winning losing part of politics. that shouldn't stop govt from taking decisions

vivekananda dress vesukuni, sevala pujalu chesi, pichi fruit langa veshalu vesthe sure ga janam ongo bedatharu....idhi already chusam 

[psycopk]

2 minutes ago, batman said:

winning losing part of politics. that shouldn't stop govt from taking decisions

vivekananda dress vesukuni, sevala pujalu chesi, pichi fruit langa veshalu vesthe sure ga janam ongo bedatharu....idhi already chusam 

nee bratuki anta kante ekuva expect cheyalem le.. go cry..

[Manmada9]

12 minutes ago, batman said:

firstly cash printing is not like printing copies that can be done overnight, waiting doesn't help as news can easily leak.

even if all cash available, is it possible to avoid long line and rush??? can anything be done without keeping  daily limits considering our population. blindly criticize chese mundhu kodhiga aagi alochinchu

You wont see long lines if people can able to withdraw whatever they want to, not Rs 2500 each time. Ni gunde mida cheyyi vesukoni cheppu Rs 2500 sufficient aa cities lo undevallaki. 

Government have to open alternate banking locations to avoid this Choas. Planning lekunda chesthe inthe untundi..

[batman]

5 minutes ago, lazybugger said:

what the fcuk am I doing wasting time instead of sleeping. by3.

thats the best excuse for lack of concrete arguments. i still think u will find it tuff, as modi said some ppl not getting sleep at night and are searching for pils. good luck though

[batman]

1 minute ago, psycopk said:

nee bratuki anta kante ekuva expect cheyalem le.. go cry..

crying yevaro last few days clear ga thelusthundhi. nijalu chala painful i can understand uncle

[Khadgam]

is there any cap on deposits?

like if deposit exceeds 1lak, then explanation should be given..... or even if it 100 rs deposit, it has to be accounted?

[lazybugger]

2 minutes ago, Khadgam said:

is there any cap on deposits?

like if deposit exceeds 1lak, then explanation should be given..... or even if it 100 rs deposit, it has to be accounted?

Do you think people who defend this move know these details? They don't. There's no information on how the entire thing works. 

They'll simply claim that they have concrete arguments, to feel good about themselves.

[batman]

5 minutes ago, Manmada9 said:

You wont see long lines if people can able to withdraw whatever they want.

Government have to open alternate banking locations to avoid this Choas. Planning lekunda chesthe inthe untundi..

again u are not reading my statement completely - firstly cash printing is not like printing copies that can be done overnight, waiting doesn't help as news can easily leak.

we cannot print all cash and then ban old notes. this process is inevitable

[lazybugger]

8 minutes ago, batman said:

thats the best excuse for lack of concrete arguments. i still think u will find it tuff, as modi said some ppl not getting sleep at night and are searching for pils. good luck though

dude, you should be the last guy to talk about 'concrete' arguments. You simply can't answer the questions I have on this. 

Why not then let me rant in peace?

If its any solace to you, I'm personally not affected by it. I have no investment, no cash in India, just NRO accounts I use to get paid through a company I own there, although I rarely visit it. I don't run it too.

[lazybugger]

1 minute ago, batman said:

again u are not reading my statement completely - firstly cash printing is not like printing copies that can be done overnight, waiting doesn't help as news can easily leak.

we cannot print all cash and then ban old notes. this process is inevitable

who says so? Lol. Its perfectly possible to do this. Its how currency swap is done everywhere.

[Manmada9]

4 minutes ago, batman said:

again u are not reading my statement completely - firstly cash printing is not like printing copies that can be done overnight, waiting doesn't help as news can easily leak.

we cannot print all cash and then ban old notes. this process is inevitable

Its a currency swap , not printing new money. New money printing ki equal assets petti print chestharu , or else mana country Zimbabwe laga ayiddi Inflation vachi.

 

[batman]

6 minutes ago, Khadgam said:

is there any cap on deposits?

like if deposit exceeds 1lak, then explanation should be given..... or even if it 100 rs deposit, it has to be accounted?

if u deposit less than 2.5 lakh, no questions asked. if one 2.5 then u are liable for explanation however govt will not go to every1 to ask explanations.

when u file year end IT returns, it will be clear what is accounted/unaccounted.

govt made clear that there wont be any harassment. how they will do it wait and watch. if u have no unaccounted wealth u dont have to worry

 

[lazybugger]

1 minute ago, batman said:

if u deposit less than 2.5 lakh, no questions asked. if one 2.5 then u are liable for explanation however govt will not go to every1 to ask explanations.

when u file year end IT returns, it will be clear what is accounted/unaccounted.

govt made clear that there wont be any harassment. how they will do it wait and watch. if u have no unaccounted wealth u dont have to worry

 

On Nov 8th, Modi was clear "that the inconvenience will only be for a few days", too. we all saw how that panned out.

 

[batman]

5 minutes ago, lazybugger said:

who says so? Lol. Its perfectly possible to do this. Its how currency swap is done everywhere.

lol its not just currency swap, atms need to be recalibrated. enough signs to alert black money hoaders