Purpose of demonetisation was to move India from a Tax Non-compliant society to a compliant one: FM

Cash once deposited removes anonymity of its owner. Accordingly, post demonetisation about 1.8 million depositors have been identified for enquiry. Many of them are being fastened with Tax & Penalties. Mere deposit in a bank does not lead to a presumption that it is Tax paid Money: FM Arun Jaitley