https://www.taxtmi.com/article/detailed?id=7102 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 requires declaration of undisclosed deposits with payment of tax (30%), surcharge on that tax, and a 10% penalty on declared income payable before filing; 25% of the declared income must be deposited in a four year, non interest locked deposit scheme. Payments are non refundable, false declarations or non payment void the declaration, deductions are disallowed, immunity is limited to income tax, and the scheme excludes specified criminal prosecutions and undisclosed foreign income under the Black Money Act. en-us Mon, 28 Nov 2016 17:41:15 +0530 Mon, 28 Nov 2016 17:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7102 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 requires declaration of undisclosed deposits with payment of tax (30%), surcharge on that tax, and a 10% penalty on declared income payable before filing; 25% of the declared income must be deposited in a four year, non interest locked deposit scheme. Payments are non refundable, false declarations or non payment void the declaration, deductions are disallowed, immunity is limited to income tax, and the scheme excludes specified criminal prosecutions and undisclosed foreign income under the Black Money Act. Articles Income Tax Mon, 28 Nov 2016 17:41:15 +0530 https://www.taxtmi.com/article/detailed?id=7102