PM defends demonitisation on anniversary

The Prime Minister said India has turned into a lesser cash-based economy with better tax compliance. He said self-assessment tax of more than Rs 13,000 crore was paid by targeted non-filers and 3.04 lakh persons who had deposited cash of Rs 10 lakh or more but had not filed their income tax returns were identified.

Modi also said that 2.09 lakh such identified non-filers had responded and paid self- assessment tax of Rs 6,531 crore.