Category Archives: PMGKY 2016

Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme -Notification

As per the following Notification now Co operative Banks can not accept Deposits under Pradhan Mantri Garib Kalyan Deposit Scheme 2016 MINISTRY OF FINANCE (Department of Economic Affiairs) NOTIFICATION New Delhi, the 19th January, 2017 Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme,Notification No S.O. 4061 (E) S.O. 204(E).— In exercise of the powers conferred by… Read More »

PMGKDS 2016- Co-operative Banks not authorised to accept deposits – Notification

Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 The Government of India, in consultation with the Reserve Bank of India, had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 vide Notification No. S.O.4061(E) dated December 16, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income… Read More »

12 FAQ’s on PMGKY 2016 released by CBDT

Circular No.2 of 2017 F.No.142/33/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 18th of January, 2017 Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’)… Read More »

Registration & Submission of Form V for Reporting under Pradhan Mantri Garib Kalvan Deposit Scheme

DGIT(S)-ADG(S)-2/e-filing notification/106/2016 Government of India  Ministry of Finance Central Board-of Direct Taxes Directorate of Income Tax (Systems) Notification No. 14 of 2016 New Delhi, 30thDecember, 2016 Procedure for Registration and Submission of Form V for Reporting under Pradhan Mantri Garib Kalvan Deposit Scheme (PMGK), 2016 In exercise of the powers conferred by Subsection (c) of… Read More »

How to file Form V – PMGK Deposit Scheme 2016-User Manual

Form V (PMGK Deposit Scheme, 2016) – User Manual Table of Contents Introduction……………………………………………………………………………………………………. Pre-Requisites for Uploading Form V ………………………………………………………………..  Steps to generate ITDREIN for Form V……………………………………………………………. Steps to add Authorised Person …………………………………………………………………………. Steps to Upload Form V ………………………………………………………………………………………… Steps to View Form V……………………………………………………………………………………………. Introduction. As per the Notification No.[F.No.3(1)-W&M/2016] / so 4061, dated 16-12-2016, the… Read More »

Explanatory Notes on PMGKY 2016 issued by CBDT

Circular No.43 of 2016 F.No. 142/33/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 27th December,2016 EXPLANATORY NOTES ON PROVISIONS OF THE TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 AS CONTAINED IN CHAPTER IX-A OF THE FINANCE ACT, 2016 Introduction 1. The… Read More »

New Book on Taxation under Pradhan Mantri Garib Kalyan Yojana -2016

Taxation & Investment Regime for PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 Link to Buy  Taxation & Investment Regime for PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 Publisher: Bharat Law House Pvt. Ltd.; First edition (2016) Pages 244 PART 1 TAXATION & INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 Flowchart for Pradhan Mantri Garib Kalyan… Read More »

PMGKY 2016 -Tax and Penalty in Old Notes allowed only till 30.12.2016

Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency allowed till 30 th SDecember, 2016. The Central Government has decided that up to 30.12.2016,  the payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib KalyanYojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and… Read More »

List of Authorized Banks for Deposit of Tax under PMGKY

List of Authorized Banks for Deposit of Tax Amount under Pradhan Mantri Garib Kalyan Yojana 2016 Authorized Banks: Allahabad Bank Andhra Bank Axis Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank HDFC Bank ICICI Bank IDBI Bank Indian Bank Indian Overseas Bank Jammu & Kashmir… Read More »

PMGKY Challan No ITNS 287

PMGKY CHALLAN NO. ITNS 287 Under the Taxation and Investment regime for Pradhan Mantri Garib Kalyan Yojana, a taxpayer can declare undisclosed income in the form of deposits and cash and is required to pay taxes, cess and penalty on such declared incomes. The said tax payment has to be made to the Government Account… Read More »

PMGKY 2016 – All Notifications , Rules , Circulars

Pradhan Mantri Garib Kalyan Yojana 2016  PMGKY 2016  PMGKY 2016 – All  Notifications , Rules , Circulars issued on Pradhan Mantri Garib Kalyan Yojana 2016 Particulars Notification No Date New Taxation Bill to Tax undisclosed Income received assent of President ,  Taxation Laws (Second Amendment) Act, 2016..   15.12.2016 Pradhan Mantri Garib Kalyan Deposit Scheme 2016… Read More »

Form 1 PMGKY 2016 -Download /Print

Form 1 PMGKY 2016 [ Form 1 under Pradhan Mantri Garib Kalyan Yojana 2016 ] The Central Board of Direct Taxes has notified the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. Under this, any person can declare income in the form of cash or deposit in an account maintained with specified entity. Form… Read More »