PMGKY 2016 Archives - Tax Heal

PMGKY – Deposit Date and Form No 1 filing Date Extended

CA Satbir Singh — Mon, 24 Apr 2017 14:45:08 +0000

Due date for making deposit under Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 is extended to 30th April, 2017 and the due date for furnishing declaration in Form No.1 under Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) is extended to 10th May, 2017 provided due tax, surcharge and penalty under PMGKY, has been received on or before the 31st March, 2017. For details click here

PMGKY Declaration Date Extended -Circular No.14 of 2017 – 21.04.2017

CA Satbir Singh — Fri, 21 Apr 2017 12:52:03 +0000

Circular No.14 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: 21st April, 2017

Extension of time for filing declaration under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) had commenced on 17.12.2016 and was open for declarations upto 31.03.2017. Considering the representations received from stakeholder, CBDT, vide Circular No.12 dated 31st March, 2017, extended the date for filing of declaration in Form No.1 till 10th of April, 2017, in cases where due tax, surcharge, penalty and deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (Deposit Scheme) had been received till 31st March, 2017.

2. Subsequently, representations were received from stakeholders stating that in some cases tax, surcharge and penalty have been paid on or before 31.03.2017 but the corresponding deposit under the Deposit Scheme could not be made by the said date.

3. Accordingly, Department of Economic Affairs vide notification S.O.1218(E) dated April 19, 2017, has extended the date of making deposit under the Deposit Scheme till 30th April, 2017 in respect of cases where tax, surcharge and penalty under PMGKY has been paid on or before 31.03.2017.

4. In view of the above, CBDT has decided that if due tax, surcharge and penalty under PMGKY, has been received on or before the 31st March, 2017, and deposit in the Bond Ledger Account under the Deposit Scheme has been received on or before the 30th April, 2017, the declaration in Form No.1 under PMGKY can be filed by 10th May, 2017.

(Dr. T. S. Mapwal)

Under Secretary to the Government of India

Date for filing of declaration under PMGKY extended up to 10.05.2017

CA Satbir Singh — Fri, 21 Apr 2017 12:46:39 +0000

Date for filing of declaration under PMGKY extended up

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana,2016 (PMGKY) had commenced on 17th December, 2016 and was open for declarations up to 31st March, 2017.

Representations from stakeholders have been received stating that in some cases tax, surcharge and penalty have been paid on or before 31st March, 2017 but the corresponding deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (Deposit Scheme) could not be made by the said date. Accordingly, DEA vide notification S.O.1218(E) dated 19th April, 2017 has extended the date of making deposit under the Deposit Scheme upto 30th April, 2017 in respect of cases where tax, surcharge and penalty under PMGKY has been paid on or before 31st March, 2017.

Subsequently, CBDT vide Circular No.14 of 2017 dated 21st April, 2017 has extended the date of filing of declaration under PMGKY to 10th May, 2017 in cases where tax, surcharge and penalty under PMGKY has been paid on or before the 31st March, 2017, and deposit under the Deposit Scheme has been made on or before the 30th April, 2017.

The Circular may be accessed on the official website of the Income-tax Department www.incometaxindia.gov.in

PMGKDS – Effective date of opening Bonds Ledger Account – Notification

CA Satbir Singh — Thu, 20 Apr 2017 23:40:37 +0000

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 19th April, 2017

Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme, Notification No S.O. 4061 (E)

S.O. 1218(E).—In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Act), the Central Government hereby amends the conditions specified in clause 5 of the Pradhan Mantri Garib Kalyan Deposit Scheme notified vide Notification No. S.O.4061 (E) dated December 16, 2016, amended vide Notification No. S.O. 204(E) dated January 19, 2017 and further amended vide Notification No. S.O. 365 (E) dated February 07, 2017.

2. In place of clause 5 of the original notification the following shall be substituted:

“5. Effective date of deposit — The effective date of opening of the Bonds Ledger Account shall be the date of receipt of deposits by the Reserve Bank of India from the authorized banks; wherein the due tax, surcharge and penalty has been received till 31st March, 2017;

Provided further that the date of deposit shall in no case be extended beyond 30th April, 2017.” By Order of the President of India,

[F. No. 3(1)-W&M/2016]

PRASHANT GOYAL, Jt. Secy.

PMGKY – Date for deposit in Bonds Ledger Account extended

CA Satbir Singh — Wed, 19 Apr 2017 23:38:24 +0000

Press Information Bureau
Government of India
Ministry of Finance
19-April-2017 19:48 IST

Central Government amends Pradhan Mantri Garib Kalyan Deposit Scheme through a Notification.

In exercise of the powers conferred by clause (c) of Section 199B of the Finance Act, 2016 (28 of 2016), the Central Government has amended through a Notification the conditions specified in clause 5 of the Pradhan Mantri Garib Kalyan Deposit Scheme.

Following is the amended Clause 5:

Now the effective date of opening of the Bonds Ledger Account shall be the date of receipt of deposits by the Reserve Bank of India (RBI) from the authorized banks; wherein the due tax, surcharge and penalty has been received till 31st March, 2017; Provided further that the date of deposit shall in no case be extended beyond 30th April, 2017.