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Issue ID: 111248
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PMGKY 2016

Date 18 Dec 2016
Replies 3 Replies
Views 921 Views
Declaration window for undisclosed cash requires payment of a substantial charge and runs through the prescribed enrolment period.
The Pradhan Mantri Garib Kalyan Yojana, 2016 opens on 17 December and remains available until 31 March of the following year; persons who declare cash deposits under the scheme will be subject to a charge of 50 percent on the declared amount. (AI Summary)

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?

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