Diabytes
Black money disclosure scheme News
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The government on Tuesday allowed declarants to make deposits on one or more occasions in Pradhan Mantri Garib Kalyan Deposit Scheme(PMGKDS), 2016.
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The payments under the new black money disclosure scheme Pradhan Mantri Garib KalyanYojana (PMGKY), can be made till December 30, 2016.
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The government on Monday allowed use of junked Rs 500 and Rs 1,000 notes till December 30 for paying tax on disclosures made under the tax evasion amnesty scheme.
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RBI has decided to place certain restrictions on deposits of old Rs 500 and Rs 1000 notes into bank accounts.
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Know the salient features of the new black money disclosure scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY), which kicks-in from December 17.
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Today is the last day for making declaration of unaccounted wealth under the Income Disclosure Scheme and declarations can be made online as well as in printed copies in prescribed form till Friday (Sept 30) midnight.
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With two days remaining for the black money disclosure scheme to close, the tax department has decided to keep counters for receiving physical declarations open till 8 pm today (Wednesday) and tomorrow (Thursday).
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As the four-month campaign draws to a close this week, there looks to be few takers despite a high-profile warning that this is the last chance for tax dodgers to come clean.
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Government on Friday ruled out any extension to the September 30 deadline for filing income disclosure under the black money compliance window.
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The government on Thursday extended the deadline for payment of tax and penalty under the black money disclosure scheme and allowed declarants to pay the amount in three installments by September 30 next year.
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The government on Thursday clarified that declarants under domestic black money disclosure scheme can pay interest and penalty in three installments
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The chief of SIT on black money feels it will be "difficult" for those holding untaxed assets to avoid disclosure under the ongoing one-time compliance window opened by the government after the limited success of a similar scheme launched last year for those with tainted money overseas.
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