The response has not been so good. It is about Rs 5,000 crore of income declared in PMGKY, said Revenue Secretary Hasmukh Adhia.

This has come within days of extending the date for making deposits as part of the tax amnesty scheme till April 30.

A senior officer of the department said that with the closure of the PMGKY window, all those cases where black money and tax evasion has be...

A 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.

"Representations have been received from various stakeholders regarding difficulties in uploading of declaration in Form No 1 under the PMG...

A 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...

A 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 ...

The 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...

If hard cash is being disclosed under PMGKY, its existence is necessary on the date of making payment of tax, surcharge and penalty under P...

Offering one last window to blackmoney holders post note ban, the government had come out with the tax amnesty scheme -- PMGKY --giving the...

Finance Ministry, in a communication to heads of banks which are authorised to accept deposits under PMGKY, asked them to issue directions ...

One needs to add the taxes collected on money declared under disclosure scheme (PMGKY), as well as the 'taxes' paid to intermediaries who l...

Under the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and s...

CBDT also clarifies that deposits made in bank accounts prior to the financial year 201617 can also be declared under the scheme, besides a...

Under the PMGKY, only unaccounted cash and deposits can be disclosed before tax authorities. It is not open for other unaccounted assets.

The declaration made under the PMGKY shall not confer any benefit, concession or immunity on any person other than the declarant.

The Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 per cent taxes and surcharge on declarations of unaccounted cash deposited i...