What is the impact of demonetization in relation to tax collection?

Rise in income tax collection because of increased disclosure Decrease in income tax collection because of increased disclosure Rise in income tax collection because of decreased disclosure Decrease in income tax collection because of decreased disclosure

Rise in income tax collection because of increased disclosure

IMPACT OF DEMONETISATION 1. Money/Interest rates i. Decline in cash transactions ii. Bank deposits increased iii. Increase in financial savings 2. Private wealth Declined since some high demonetised notes were not returned and real estate prices fell 3. Public sector wealth No effect 4. Digitisation Digital transactions amongst new users (RuPay/AEPS) increased 5. Real estate Prices declined 6. Tax collection Rise in income tax collection because of increased disclosure