PMGKY 2016

[SWATANTRA GOEL]

Ref the Scheme become effective from 17th Dec to 30th Dec 2016, are the cash deposits made on 13 Nov covered under declaration scheme. And can the declaration be made & tax paid till March-2017?

AI Summary

Clarification on PMGKY 2016: Are November 13 cash deposits eligible under the scheme from Dec 17, 2016, to Mar 31, 2017? A discussion on the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 addressed whether cash deposits made on November 13 are covered under the scheme, which runs from December 17, 2016, to March 31, 2017. The scheme allows individuals with unaccounted wealth to declare their deposits and pay a 50% charge to avoid penalties. Participants in the forum expressed appreciation for the information shared and noted the potential positive impact of the new tax measures.