Circular No. 12 of 2017

F.No. 370142/33/2016-TPL(Part)

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

(TPL Division)

***

Dated: 31st of March, 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’) has commenced on 17.12.2016 and is open for declarations upto 31.03.2017.

2. Representations have been received from various stakeholders regarding difficulties in uploading of declaration in Form No.1 under the Scheme. Instances have been communicated wherein despite making payment of tax, surcharge, penalty and deposit under the Scheme, Challan Identification Number / deposit reference number with respect to the payment of tax, surcharge, penalty and deposit under the Scheme has not been provided by the banks. Consequently, the assessees are unable to upload Form No.1.

3. Considering the rush in banks during last days of financial year, which also happens to be the last date of filing declaration under the Scheme, CBDT has decided that if an assessee has made payment of tax, surcharge, penalty and deposit under the Scheme, in the banks by the closing hours of 31st March, 2017, he shall be allowed to file declaration in Form 1 under the Scheme by the 10th of April, 2017.

(Dr. T. S. Mapwal)

Under Secretary to the Government of India

More Under Income Tax

Posted Under

Category : Income Tax (24337)
Type : Circulars (7292) Notifications/Circulars (28874)

One response to “PMGKY deceleration filing due date extended to 10th April 2017”

  1. sandesh shelar says:

    if a assesse pays tax amount under pmgky sceme and fails to deposit 25% in bank under pmgky due to non avalibelity of improper payment channels so how to declair in form 1, as govt has impose serve during last weak of financial year

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