The conversation between human and AI assistant.
How will the demonetization of Rs 500/1000 notes finish the black money in the market exactly?
How does the government plan to ensure that the deposited cash is legitimate and not black money?
The government is taking several measures to verify the legitimacy of cash deposits, such as requiring individuals to show proof of identity when they deposit large amounts of cash, and monitoring bank accounts for suspicious activity. In addition, the government is offering a tax amnesty scheme for those who voluntarily disclose their unaccounted wealth and pay a penalty.