ISSN 2394-5125
 

Research Article 


RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN

Mukul, Rakesh Kumar.

Abstract
Demonetization is the pulling out of money from circulation; Money units deny the position of
permissible tender. It is stated as the procedure by which the currency of a country no longer remains legal. The
currency of a country is not considered as a currency in force. It is a government action where currency units
cease to be legal tender. It is a fundamental condition for changing the national currency. In other words, It is a
change of currency, where the currency of the new units replaces the old. This may include the starting of novel
notes or amounts of money of the similar tribe or entirely original value. The money has been demonetized three
times in India. The foremost demonetization was 12th of January 1946 (Saturday), the next was 16/1/1978
(Monday), and the next was on November 8, 2016 (Tuesday). This study seeks to understand the impact of
demonetization on the income tax return. This study is explorative, so the necessary and relevant data is drawn
from data published by the income tax authority of India. Books are also suggested for general information on
the required topic.

Key words: Demonetization, money from circulation, currency


 
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Pubmed Style

Mukul, Rakesh Kumar. RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. JCR. 2020; 7(16): 1633-1638. doi:10.31838/jcr.07.16.204


Web Style

Mukul, Rakesh Kumar. RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. http://www.jcreview.com/?mno=5287 [Access: May 30, 2021]. doi:10.31838/jcr.07.16.204


AMA (American Medical Association) Style

Mukul, Rakesh Kumar. RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. JCR. 2020; 7(16): 1633-1638. doi:10.31838/jcr.07.16.204



Vancouver/ICMJE Style

Mukul, Rakesh Kumar. RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. JCR. (2020), [cited May 30, 2021]; 7(16): 1633-1638. doi:10.31838/jcr.07.16.204



Harvard Style

Mukul, Rakesh Kumar (2020) RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. JCR, 7 (16), 1633-1638. doi:10.31838/jcr.07.16.204



Turabian Style

Mukul, Rakesh Kumar. 2020. RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. Journal of Critical Reviews, 7 (16), 1633-1638. doi:10.31838/jcr.07.16.204



Chicago Style

Mukul, Rakesh Kumar. "RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN." Journal of Critical Reviews 7 (2020), 1633-1638. doi:10.31838/jcr.07.16.204



MLA (The Modern Language Association) Style

Mukul, Rakesh Kumar. "RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN." Journal of Critical Reviews 7.16 (2020), 1633-1638. Print. doi:10.31838/jcr.07.16.204



APA (American Psychological Association) Style

Mukul, Rakesh Kumar (2020) RESEARCH EXHIBITING THE INFLUENCE OF DEMONETIZATION ON INCOME TAX RETURN. Journal of Critical Reviews, 7 (16), 1633-1638. doi:10.31838/jcr.07.16.204