Tag: PMGKY
7 Results
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12.91 lakhs Indians claim Rs 4684.52 crores from PF accounts amid lockdown
EPFO, which comes under the Ministry of Labour and Employment, has settled a total of 12.91 lakh claims which includes 7.40 lakhs COVID-19 claims under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.
April 28, 2020 -
A demonetisation report card
Demonetisation of high value currency notes of Rs. 1000 and Rs. 500 on 8 November 2016 has shaken the country by disrupting normal behaviour of Indian politics, economy and society. The ruling coalition quickly articulated this as a bigbang step to unearth black money, impair terrorism funding and weed out fake currency from the system. …
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September 15, 2017 -
Only Rs.5,000 cr declared under PMGKY for black money: Official
Deposits amounting to only around Rs.5,000 crore have been made under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), launched post-demonetisation, the government said on Thursday, attributing the tepid response to the scheme for declaring unaccounted income to multiple factors. "The Rs.5,000 crore declared under PMGKY is mainly on account of two factors," Revenue Secretary Hasmukh Adhia …
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June 1, 2017 -
‘Countdown’ begins, I-T dept warns blackmoney holders ahead of Mar 31
The Income Tax department on Friday warned blackmoney holders that it has "information" about their illegal deposits and they should avail the soon-to-end PMGKY window to come clean. In advertisements issued in leading national dailies, the department said that the "countdown" in this regard has begun and stash holders should declare their black money "or …
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March 24, 2017 -
Govt warns banks over non-acceptance of PMGKY tax
The government has warned banks of "de-authorisation" of branches if they refuse to accept taxes under the amnesty scheme PMGKY, which ends on March 31. The Finance Ministry, in a communication to heads of banks which are authorised to accept deposits under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), asked them to issue directions to …
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February 24, 2017 -
Foreign accounts, property, bullion can’t be declared under PMGKY
The government on Wednesday clarified that only unaccounted domestic cash holding can be declared under the new tax evasion amnesty scheme announced after demonetisation and not jewellery, stocks, immovable property or overseas accounts. "The Scheme is hence not available for declaration of an income which is represented in the form of assets like jewellery, stock …
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January 18, 2017 -
Government allows old notes for paying tax
Following the confusion created on depositing old notes in bank accounts more than once, the government on Thursday clarified that payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) can be made with demonetised high value notes. "Up to 30.12.2016, the payment towards tax, surcharge, penalty and deposit under …
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December 22, 2016