Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, 21^st April, 2017.

Press Release

Date for filing of declaration under PMGKY extended upto 10th May, 2017

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) had commenced on 17th December, 2016 and was open for declarations up to 31st March, 2017.

Representations from stakeholders have been received stating that in some cases tax, surcharge and penalty have been paid on or before 31st March, 2017 but the corresponding deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (Deposit Scheme) could not be made by the said date. Accordingly, DEA vide notification S.O.1218(E) dated 19th April, 2017 has extended the date of making deposit under the Deposit Scheme upto 30th April, 2017 in respect of cases where tax, surcharge and penalty under PMGKY has been paid on or before 31st March, 2017.

Subsequently, CBDT vide Circular No.14 of 2017 dated 21st April, 2017 has extended the date of filing of declaration under PMGKY to 10th May, 2017 in cases where tax, surcharge and penalty under PMGKY has been paid on or before the 31st March, 2017, and deposit under the Deposit Scheme has been made on or before the 30th April, 2017.

The Circular may be accessed on the official website of the Income-tax Department www.incometaxindia.gov.in

(Meenakshi J Goswami)

Commissioner of Income Tax

(Media & Technical Policy) &

Official Spokesperson, CBDT.

Extension of filing date under PMGKY allows filing where requisite tax paid and prescribed deposit subsequently made. CBDT issued a circular extending the date for filing declarations under the Pradhan Mantri Garib Kalyan Yojana to 10 May 2017, confined to cases where tax, surcharge and penalty under PMGKY were paid on or before 31 March 2017 and the corresponding deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme was made on or before 30 April 2017; the Department of Economic Affairs had earlier extended the deposit deadline to 30 April 2017 for cases with tax, surcharge and penalty paid on or before 31 March 2017.