Income Tax : The love towards money can lead to problems like demonetarization of currency etc which can further lead to more tax evaders in ou...
Fema / RBI : Articles answers 21 FAQs on Pradhan Mantri Garib Kalyan Deposit Scheme 2016 for declarant under Taxation and Investment Regime fo...
Income Tax : The IT Department issued online intimations for verification of cash deposits during demonetization to nearly 18 lakh taxpayers of...
Income Tax : As per para 7(2) of the PMGK deposit Scheme, 2016, the Authorised banks are required to furnish electronically the details of depo...
Income Tax : As per the Notification No. 116/2016, the Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016, is a declaration u/s 199C of the Finan...
Income Tax : We would like to bring to your kind attention, the pressure under which the Assessing Officers are forced to discharge their dutie...
Income Tax : Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016; Government decides to allow declarants to make deposits on...
Fema / RBI : It is clarified that Co-operative Banks are not authorised banks to accept deposits under PMGKDS, 2016. Application for the deposi...
Income Tax : Up to 30.12.2016 payment towards tax, penalty and deposit under Pradhan Mantri Garib Kalyan Yojana (PMGKY), can be made in Old Ban...
Income Tax : Political parties have not been granted any exemption post demonetisation and introduction of Taxation Laws (Second Amendment) Act...
Income Tax : ITAT Delhi held that addition u/s 69A of the Income Tax Act unsustainable as cash deposit of INR 4.50 cr. is income under the sche...
Income Tax : Nawal Kishore Soni Vs ACIT (ITAT Jaipur) It is evident from entries found in cash book of Ram Kumar Soni and from statement record...
Income Tax : The issue under consideration is whether the CIT(A) was right in deleting the addition made by the AO on account of unexplained in...
Income Tax : Virag Tiwari Vs. Principal CIT & Others (Delhi High Court) In the present case we perceive that an equitable resolution is pos...
Income Tax : In case, the petitioner submits any application to the Income Tax Department, the authorities can look into matter for the purpose...
Income Tax : No public servant shall produce before any person or authority, any such document or record or any information or computerised dat...
Income Tax : Petitions have been received in CBDT from the declarants under the Pradhan Mantri Garib Kalyan Yojana, 2016, Scheme (`PMGKY') poin...
Income Tax : CBDT vide Circular No.14 of 2017 dated 21st April, 2017 has extended the date of filing of declaration under PMGKY to 10th May, 20...
Fema / RBI : The Government of India has vide the notification no. S.O. 4061 (E) dated December 16, 2016 announced the Pradhan Mantri Garib Kal...
Income Tax : In case of persons who had filed the declaration by depositing tax, surcharge and penalty under PMGKDS on or before 31.03.2017, to...
Writ been filed in SC requesting to quashing/setting aside penalty, surcharge and also provisions for lock-in/withholding of 25% of disclosed income for 4 years under the Taxation Laws (Second Amendment) Bill, 2016, (Pradhan Mantri Garib Kalyan Yojna, 2016), i.e. Section 199D(2), 199E and 199F of the Finance Act, 2016, by declaring them illegal and null and void;
Procedure for registration and submission of Form V for Reporting under Pradhan Mantri Garib Kalyan Deposit Scheme (PMGK), 2016.
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 500 and 1,000 denomination issued by the RBI.
Explanatory Notes on Provisions of Taxation And Investment Regime For Pradhan Mantri Garib Kalyan Yojana, 2016 As Contained In Chapter IX-A Of Finance Act, 2016
Up to 30.12.2016 payment towards tax, penalty and deposit under Pradhan Mantri Garib Kalyan Yojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by RBI.
As per the Notification No. 116/2016, the Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016, is a declaration u/s 199C of the Finance Act, 2016, in respect of the Taxation and Investment Regime for PMGKY. There are two forms, Form 1 & Form 2.
Pradhan Mantri Garib Kalyan Yojana, 2016 provide no immunity from FEMA, PMLA, Narcotics and cover deposits made from November 10, 2016
Tenders of old notes of Rs. 500 and 1000 in excess of ₹ 5000 into a bank account will be received for credit only once during remaining period till December 30, 2016.
PM Modi demonetised Rs. 1000/- & Rs. 500/- denomination currency notes with a view to eradicating Black money from our economy, end rampant corruption, contain the use of counterfeit & fake currency and to put a full stop on cash funding by our neighbour countries to the terrorist outfits. It is undisputed that the intention […]
Government has brought up with a scheme to convert 50:50% of the black money into white money which will be applicable from 17th December 2016, what is it? And what is the aim of this scheme?
