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PMGKY SCHEME
Centre may issue nearly 3 crore more ration cards after states delete ineligible entries: Union Food Minister Pralhad JoshiUnion Food Minister Pralhad Joshi announced that approximately 3 crore new ration cards can be issued. This follows state governments remov...- Treat as representation PIL against Jan Dhan account as sole criterion for relief under PMGKY: HC to CentreWith the direction the court disposed of the plea by Delhi resident Akash Goel who had contended that the condition of having a PMJDY accou...
- 21,000 people disclose Rs 4,900 crore black money under PMGKYThe scheme was announced after PM Modi declared the demonetisation of two high-value currency notes of Rs 1,000 and Rs 500 on November 8 la...
- Govt extends date for filing PMGKY declarations till May 10This has come within days of extending the date for making deposits as part of the tax amnesty scheme till April 30.
- Pradhan Mantri Garib Kalyan Yojna inches towards close tonight; collections not very largeA quarter of the total declared sum will also have to be parked in a non--interest bearing deposit for four years under the said scheme.
- PMGKY: CBDT says Form 1 can be filed by April 10, if deposit made by deadline"Representations have been received from various stakeholders regarding difficulties in uploading of declaration in Form No 1 under the PMG...
- Pradhan Mantri Garib Kalyan Yojana: Select Income Tax department offices to be open till March 31 midnightA person or entity who opts for PMGKY will have to pay 49.9 per cent tax on the undisclosed income, whereas a person who does not opt for t...
- 137% tax if you don't come clean on hidden cash by March 31, IT department warns evadersA person who does not opt for PMGKY scheme but offers his black income in his Income Tax Returns will face a tax and penalty rate of 77.25 ...
- Avail PMGKY or face action: I-T warns defaultersThe tax and penalty against those who hide their black money and fail to avail the PMGKY could go as high as 137 per cent of the cash depos...
- Hard cash being disclosed under PMGKY must exist on payment dateIf hard cash is being disclosed under PMGKY, its existence is necessary on the date of making payment of tax, surcharge and penalty under P...
- Tax amnesty scheme: I-T asks blackmoney holders to make honest declarationsOffering one last window to blackmoney holders post note ban, the government had come out with the tax amnesty scheme -- PMGKY --giving the...
- Government warns banks over non-acceptance of PMGKY taxFinance Ministry, in a communication to heads of banks which are authorised to accept deposits under PMGKY, asked them to issue directions ...
- Modi govt allows people to deposit unaccounted cash in parts under amnesty schemeAfter November 8 demonetisation announcement, the government allowed the junked Rs 500 and Rs 1000 notes to be deposited in bank accounts.
- PMGKY proceeds should not be used to fund government schemes: Economic SurveyOne needs to add the taxes collected on money declared under disclosure scheme (PMGKY), as well as the 'taxes' paid to intermediaries who l...
- Search operations no bar under PMGKYCBDT also clarifies that deposits made in bank accounts prior to the financial year 201617 can also be declared under the scheme, besides a...
- 60 lakh depositors put Rs 7 lakh crore in banks, govt probing all of themTop officials said while the govt will not hound any genuine depositor, but will not hesitate to litigate any black money holder trying to ...
- I-T dept begins process of analysing deposits post note-banThe declaration made under the PMGKY shall not confer any benefit, concession or immunity on any person other than the declarant.
- Government announces new income declaration scheme 'PM Garib Kalyan Yojana'; stringent penalties prescribedThe Modi government today announced a new scheme, saying that the income disclosures made under new plan will be kept secret.
- Modi government may give black money holders another chance to come clean this weekThe Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 per cent taxes and surcharge on declarations of unaccounted cash deposited i...
- Government keen on proper discussion on GST Bills in ParliamentExplaining the urgency to pass the Income Tax Second Amendment Bill, the source said the purpose of it was to ensure the black money money ...
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