Note ban made 56 lakh new I-T payees: Vice President Naidu
Vice President M Venkaiah Naidu on Thursday said that demonetisation resulted in 56 lakh people becoming income tax payees. He said there will be a further addition and once the tax net is widened, the tax rate will come down. He added that after the demonetisation exercise, money lying in various places "has come to banks with an address".