Jan 20, 2017 at 19:34 | Source: PTI
The Income Tax department has received confirmations for over Rs 300 crore declarations from across the country till now as part of the ongoing black money window called the Pradhan Mantri Garib Kalyan Yojna (PMGKY), brought out by the government post demonetisation.
Jan 18, 2017 at 16:56 | Source: Moneycontrol.com
Pradhan Mantri Garib Kalyan Yojana, 2016 provides an opportunity for black money holders to disclose income in the form of cash or deposit and pay tax, surcharge and penalty totaling in all to 49.9 per cent of the declared income and an additional 25 per cent deposit in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.
Jan 17, 2017 at 14:08 | Source: Moneycontrol.com
Measures such as the recently announced concessional tax rate of 6% as opposed to the present rate of presumptive taxation of 8% for income received through banking and digital business by small businesses is a welcome move.
Jan 05, 2017 at 07:48 | Source: PTI
'Pradhan Mantri Garib Kalyan Yojana' is a welcome step, Das said while addressing at the Vigyan Bhavan in New Delhi, an official release said.
Dec 30, 2016 at 09:47 | Source: CNBC-TV18
Speaking to CNBC-TV18 Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, said that it is better to wait for results from the demonetistiaon move.
Dec 28, 2016 at 22:18 | Source: PTI
Chauhan also told them that the PMGKY should not be considered as the "Income Declaration Scheme Part-II" as it has a different "motive and purpose".
Dec 28, 2016 at 15:12 | Source: PTI
In a clarification on Provisions of the Taxation and Investment Regime for PMGKY, CBDT said the scheme will not be applicable to anyone facing charges under the Foreign Blackmoney Act.
Dec 16, 2016 at 15:10 | Source: PTI
The Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 percent tax and surcharge on declarations of unaccounted cash deposited in banks. Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.
Dec 12, 2016 at 16:56 | Source: PTI
The government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 percent of tax on junked currency deposited in banks post demonetisation.
Dec 01, 2016 at 18:34 | Source: Moneycontrol.com
Pradhan Mantri Garib Kalyan Yojana, 2016 gives an opportunity to all the black money hoarders to come out clean by declaring their undisclosed income and paying heavy taxes and penalty.