https://www.taxtmi.com/news?id=16980 Declarants under the Pradhan Mantri Garib Kalyan Yojana must pay 30% tax, a 10% penalty, and a surcharge equal to 33% of tax, and must deposit 25% of the undisclosed amount into a notified scheme with no interest and a four-year lock-in. Persons found holding undisclosed cash face a higher flat tax rate plus a surcharge that substantially increases the levy, and the assessing officer may additionally impose a 10% penalty. en-us Mon, 28 Nov 2016 18:34:21 +0530 Mon, 28 Nov 2016 18:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16980 Declarants under the Pradhan Mantri Garib Kalyan Yojana must pay 30% tax, a 10% penalty, and a surcharge equal to 33% of tax, and must deposit 25% of the undisclosed amount into a notified scheme with no interest and a four-year lock-in. Persons found holding undisclosed cash face a higher flat tax rate plus a surcharge that substantially increases the levy, and the assessing officer may additionally impose a 10% penalty. News - Mon, 28 Nov 2016 18:34:21 +0530 https://www.taxtmi.com/news?id=16980