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A comment on India's demonetisation of Rs. 500 and Rs. 1000 notes. Parent comment

Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by ohyes on Tuesday November 08, 2016 @12:04PM (#12901910)
He can still go to the bank with it, assuming it is legally obtained, would have to pay income tax, however.
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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by dump121 on Tuesday November 08, 2016 @12:17PM (#12902027)
if it is accrued over years, they'll have to pay some percentage as penalty over the regular tax rate.
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