Depending on whom you ask, you will get different answers.
The Reserve Bank of India (RBI) has told a parliamentary panel that it has “no information” on how much black money has been extinguished as a result of demonetisation of Rs 500 and Rs 1000 notes.
Read more at http://www.livemint.com/Industry/4HcmOqr7An2Io8RZ1ib0xJ/Demonetisation-RBI-says-dont-know-how-much-black-money-was.html
The next source will be the Income Tax department but we will have to wait for their figures. I don't expect this figure to come out soon as it will take a lot of time. Notices have to be served, cases may go upto tribunals etc etc.
The Reserve Bank of India (RBI) has told a parliamentary panel that it has “no information” on how much black money has been extinguished as a result of demonetisation of Rs 500 and Rs 1000 notes.
Read more at http://www.livemint.com/Industry/4HcmOqr7An2Io8RZ1ib0xJ/Demonetisation-RBI-says-dont-know-how-much-black-money-was.html
The next source will be the Income Tax department but we will have to wait for their figures. I don't expect this figure to come out soon as it will take a lot of time. Notices have to be served, cases may go upto tribunals etc etc.
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