It would be difficult for all Indians to forget 8 November 2016, the day on which 86 per cent of the currency in circulation was invalidated in one blow under the premise of demonetisation. The move was heralded to tackle black money, terror funding and fake currencies. No other event created so much furor, chaos or for that matter the spate of jokes, satires and debates on the merits of the move to tackle the said objectives. This was especially so after 99.3 per cent of the banned notes returned to the RBI. Not taking into account the currency in Central Banks of countries like Myanmar, Nepal, Bangladesh, Bhutan, Sri Lanka and also the NRIs accounts. They were legally allowed to keep Indian currency, which if taken into consideration would exceed over 100 per cent the official deposited amount. Can a currency be declared as ‘black’ or ‘white’? When currency is issued for circulation by the RBI, nowhere is the colour of the note mentioned. Rather, each note comes backed by the sovereign guarantee by Government of India with the writing “I promise to pay the bearer the sum of .... Rupees.” Black money is a matter of concern only in the context of fiscal policies which could be good policies (simple tax with simple easy laws) or bad policies (higher taxation with draconian laws). Demonetisation subsequently resulted in slow GDP growth rate, unemployment, loss of entrepreneurial opportunities and business in all sectors and had a prolonged effect on agriculture and the heavily cash-dependent (rural and urban) and informal sectors of Indian economy. This book is an attempt to carry out a post-mortem analysis of the so-called surgical strike of demonetisation through illustrations and case studies that would unfold the mystery behind the move. About THE AUTHOR Awarded Certificate of Merit by Institute of Chartered Accountants of India, practicing Chartered Accountant.