Monthly Archives: December 2016

No charges for Transactions settled upto Rs 1000 through IMPS,USSD, UPI : RBI

By | December 16, 2016
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Special Measures upto March 31, 2017 : Rationalisation of customer charges for Immediate Payment Service (IMPS), Unified Payment Interface (UPI) & Unstructured Supplementary Service Data (USSD) RBI/2016-17/185 DPSS CO.PD.No.1516/02.12.004/2016-17 December 16, 2016 The Chairman and Managing Director / Chief Executive Officers All participants in Immediate Payment Service (IMPS), Unified Payment Interface (UPI) and Unstructured Supplementary… Read More »

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016

By | December 16, 2016
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Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 RBI/2016-17/187 IDMD.CDD.No.1453/14.04.050/2016-17 December 16, 2016 The Chairman & Managing Director All Authorised Banks Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 The Government of India has vide the notification no. S.O. 4061 (E) dated December 16, 2016 announced the “Pradhan Mantri Garib Kalyan Deposit Scheme… Read More »

PMGKDS 2016 – Operational Guidelines by RBI

By | December 16, 2016
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Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines RBI/2016-17/188 IDMD.CDD.No.1454/14.04.050/2016-17 December 16, 2016 The Chairman & Managing Director Authorised Banks Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines This has reference to the Central Government notification S.O. 4061 (E) and RBI circular IDMD.CDD.No. 1453/14.04.050/2016-17 dated December 16,… Read More »

FAQ’s on PMGKDS- Pradhan Mantri Garib Kalyan Deposit Scheme 2016

By | December 16, 2016
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Pradhan Mantri Garib Kalyan Deposit Scheme 2016 1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a scheme notified by the Government of India on December 16, 2016 which is applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib… Read More »

Filing Declaration under PMGKY for declaring black Money – Three Options Opened by Govt of India

By | December 16, 2016
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Pradhan Mantri Garib Kalyan Yojana (‘PMGKY The Government has given around 3.5 month’s period for filing declaration under Pradhan Mantri Garib Kalyan Yojana (‘PMGKY’) from December 17, 2016 till March 31, 2017. All declarations under PMGKY shall be furnished to Principal Commissioner or the Commissioner, in any of the following modes: i) Electronically under digital signature, or ii)… Read More »

Jurisdiction for declation filed under PMGKY Notified

By | December 16, 2016
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 16th December, 2016 NOTIFICATION S.O.4060(E).— In exercise of the powers conferred by section 199G of the Finance Act, 2016 (28 of 2016), the Central Government hereby— (i) notifies… Read More »

PMGKY Rules 2016 -Notification

By | December 16, 2016
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TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION New Delhi, the 16th December, 2016 THE TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA RULES, 2016 S.O.4059(E).—In exercise of the powers conferred by sub-section (1) and sub-section… Read More »

PMGKY Start Date 17.12.2016 and End Date 31.03.2017 – Notification

By | December 16, 2016
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TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 16th December, 2016 NOTIFICATION S.O. 4058(E).— In exercise of the powers conferred by sub-section (2) of section 199A and sub-section (1) of section 199C of the Finance Act,… Read More »

PMGKY 2016 to commence w.e.f 17 December 2016

By | December 16, 2016
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Taxation Laws (Second Amendment) Act, 2016 came into force yesterday i.e. 15th December, 2016 and rules notified today and placed in public domain; The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 introduced under the said Act to commence from tomorrow i.e.17th December, 2016 and to remain open for declarations up to… Read More »