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 Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 has been notified. The deposits under this Scheme shall be made by any person who intends to declare undisclosed income under sub-section (1) of section 199C of the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
As per para 7(2) of the PMGK deposit Scheme, 2016, the Authorised banks are required to furnish electronically the details of deposits made under PMGK in Form V not later than next working day to enable the Department to verify the information of the deposit before accepting the declaration.
Pre-Requisites for Uploading Form V
To upload Form V, user should have a registered PAN in e-Filing portal to generate the ITDREIN for Form V.
To Upload Form V, Authorised person PAN should have a valid DSC registered in e-Filing portal.
Generated zip file of Form V should be kept ready for upload. [ Download Zip File of Form V ]
Steps to generate ITDREIN for Form V
To generated ITDREIN for Form V, the steps are as below:
Step 1: Login to e-Filing portal using User ID, e-Filing Password and DOB/DOI.
Step 2: Go to My Account Manage ITDREIN.
Step 3: To generate new ITDREIN click on the button “Generate New ITDREIN”.
Step 4: A Pop up with Form Type and Reporting Entity Category is displayed. Select the Form Type and Reporting Entity Category from the dropdown.
Step 5: Select the Form Type as ‘Form V’ and select the applicable Reporting Entity Category from the dropdown.
Step 6: Click on ‘Generate ITDREIN’ button.
Step 7: Success Message is displayed as shown below. User receives a confirmation e-mail on successful generation of ITDREIN to the registered Email ID. An SMS is also sent to the registered Mobile number.
Step 8: On Successful Generation of ITDREIN, the screen is displayed as shown below.
Steps to add Authorised Person
Step 1: To add Authorised Person for the generated ITDREIN, click on the link provided in the ITDREIN Column.
Step 2: Click on the button Add Authorised Person.
Step 3: A Pop up with Authorised Person details appears as shown below. Authorised Person Type is of two types:
Designated Director – Can Upload & View the Form V.
Principal Officer – Can only View the filings of Form V.
Step 4: Enter all the details and Click on Add Authorised Person button. Success message is displayed as shown below.
Step 5: User receives a confirmation e-mail on successful Addition of Authorised Person to the registered Email ID and an SMS is also sent to the registered Mobile number.
Step 6: Authorised Person receives a confirmation e-mail with an activation link to the Authorised Person’s Email ID. An SMS along with OTP (One time Password) is sent to the Authorised Person’s Mobile Number.
In order to activate the account, the user should click on the Activation link, enter the Mobile PIN, Password and Confirm Password and click on Activate Button. On success, the user account is activated and the database is updated.
Step 7: After the Authorised person is activated, the Authorised person can view the details as below.
Steps to Upload Form V
Step 1: Login to e-Filing portal using ITDREIN, Authorised Person PAN and Password.
Step 2: Go to e-File Upload Form V
Step 3: Upload the corresponding ZIP file of Form V, generate the Signature file using DSC Management Utility and Click on Submit button.
Step 4: On successful upload user records are captured in the e-Filing system and the below success message must be displayed along with the Transaction ID.
Steps to View Form V
Step 1: Login to e-Filing portal using ITDREIN, Authorised Person PAN and Password.
Step 2: Go to My Account View Form V
Step 3: The uploaded Form V details are displayed under “View Form V”.
Step 4: Click on the “Transaction No” to see the details of Form V uploaded for future reference. The uploaded zip file can be downloaded by clicking on the link under “ZIP”.
Related Post
| 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 | S.O. 4061(E). | 16.12.2016 |
| Jurisdiction for declation filed under PMGKY | S.O.4060(E). | 16.12.2016 |
|
| S.O.4059(E) | 16.12.2016 |
| PMGKY Start Date 17.12.2016 and End Date 31.03.2017
| S.O. 4058(E) | 16.12.2016 |
| RBI FAQ’s on PMGKDS- Pradhan Mantri Garib Kalyan Deposit Scheme 2016 | 16.12.2016 | |
| PMGKDS 2016 – Operational Guidelines by RBI | 16.12.2016 | |
| Explanatory Notes on PMGKY 2016 issued by CBDT | Circular No.43 of 2016
| 27.12.2016 |
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