AN EMPERICAL STUDY OF DEMONETIZATION & ITS IMPACT ON RETHINKING OF TAX DISCLOSURE - A STUDY BASED ON NATIONAL CAPITAL REGION

Demonetization refers to the withdrawal of particular currency (legal tender currency of country) from circulation. Demonetization done to reduce the black money, eradicate fake currency and to promote digital India. This is the bold step taken by the Indian government on 8 November 2016 for the betterment of the economy and country. In this paper, perception of general public toward tax disclosure after demonetization is analyzed through primary data collected .Questionnaire is prepared for primary data and filled with 81 respondents i.e. trader, manufacturer and service provider of Delhi NCR and this data used for further analyses by using descriptive table . After this research work, I concluded that almost all have neutral opinion toward demonetization impact on tax disclosure.