Deposit requirement for undisclosed income mandates scheme payment with no interest and restricted withdrawal rights. A declarant must make a mandatory deposit into the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 equal to a prescribed proportion of undisclosed income; the deposit bears no interest, is retained for a fixed period before withdrawal is permitted, and must satisfy any further conditions specified in the Scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit requirement for undisclosed income mandates scheme payment with no interest and restricted withdrawal rights.
A declarant must make a mandatory deposit into the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 equal to a prescribed proportion of undisclosed income; the deposit bears no interest, is retained for a fixed period before withdrawal is permitted, and must satisfy any further conditions specified in the Scheme.
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