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of <h1>CBDT Issues Circular No. 2 of 2017 Clarifying PM Garib Kalyan Yojana Tax Queries with 12 FAQs.</h1> The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016, began on December 17, 2016, and will accept declarations until March 31, 2017. The Central Board of Direct Taxes (CBDT) has addressed stakeholder queries by issuing a set of twelve FAQs through Circular No. 2 of 2017 on January 18, 2017. The circular clarifies issues such as eligible deposits, declaration eligibility, and the adjustment of seized cash for tax, surcharge, and penalty payments under the scheme. The circular is available on the Income-tax Department's official website.
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