The conversation between human and AI assistant.
How will the demonetization of Rs 500/1000 notes finish the black money in the market exactly?
But how does demonetization force people to disclose their hidden income sources?
Well, individuals and businesses that have been hoarding large stashes of cash will now be forced to deposit that cash in banks, where their deposits will be subject to scrutiny and verification. This will make it difficult for individuals and companies to evade taxes, since their income and expenses will be more visible and transparent to the authorities.