People queue to withdraw and deposit their money at an ATM kiosk in Guwahati, India, November 11, 2016. REUTERS/Anuwar Hazarika
MUMBAI (Reuters) - Indians are inventing ingenious ways to try and hide their money from the tax inspector, as the government attempts to flush out vast undeclared wealth by abolishing high denomination bank notes.
The shock announcement by Prime Minister Narendra Modi on Tuesday gave people only a few hours to spend or deposit 500 and 1,000 rupee bills before they were abolished, although plans are in place to allow a more gradual conversion to new notes.
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