Pradhan Mantri Garib Kalyan Yojana: All about Centre's scheme to help India's poor
Prime Minister Narendra Modi on Tuesday extended the PM Garib Kalyan Anna Yojana for further five months till November-end. During his sixth address to the nation, PM Modi said that the government will keep providing free foodgrains to the poor section of the society due to the increased need during the festivals.
Jun 30, 2020, 16:42 PM IST
EPFO settles 36.02 lakh claims worth Rs 11,540 crore in April-May 2020
Out of this, 15.54 lakh claims, disbursing Rs. 4580 crore to claimants, were related to the recently introduced COVID-19 advance under Pradhan Mantri Garib Kalyan Yojana (PMGKY).
Jun 09, 2020, 17:26 PM IST
Black money: 21,000 people disclose Rs 4,900 crore under new income declaration scheme
The scheme was launched in December last year by the government to enable people with black money to come clean by paying tax and penalty of 50 percent.
Sep 07, 2017, 19:01 PM IST
Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off
Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.
Jun 02, 2017, 17:11 PM IST
Deposits under PMGKDS can be made till April 30
The government and the RBI on Wednesday gave time till April 30 for "commensurate deposits" by people who have declared their unaccounted income under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) that allowed parking money in non-interest bearing deposits for four years.
Apr 19, 2017, 21:49 PM IST
I-T dept to seek info on deposits made during demonetisation in new ITRs
The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the new Income Tax Returns (ITRs) that would be notified soon for assessment year 2017-18.
Mar 30, 2017, 20:06 PM IST
CBDT to hold review meeting on PMGKY, tax collection on Mar 17
The CBDT will hold a high-level meeting later this week to review the progress in collections under the black money window of Pradhan Mantri Garib Kalyan Yojna (PMGKY), that will close on March 31.
Mar 15, 2017, 20:42 PM IST
I-T dept asks blackmoney holders to make honest declarations
The I-T department on Thursday nudged blackmoney holders to make "honest" disclosures under the tax amnesty scheme -- PMGKY -- warning that non-declaration could attract 77.25 percent tax and penalty along with prosecution.
Mar 09, 2017, 11:14 AM IST
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.
Feb 25, 2017, 15:12 PM IST
Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman
The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.
Feb 21, 2017, 19:43 PM IST
Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful'
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.
Feb 16, 2017, 17:27 PM IST
Note ban impact: 18L people under I-T scanner, queries sent to 10L individuals so far
Armed with information about unaccounted cash of Rs 4.7 lakh crore, deposited by 18 lakh individuals, the government on Thursday said that queries have been sent to those 10 lakh people through SMS, email so far.
Feb 02, 2017, 16:51 PM IST
CBDT identifies 18 lakh people with suspicious deposits
The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds.
Jan 31, 2017, 17:44 PM IST
Your assets 'not hidden' from our gaze: I-T dept tells black money holders
The income tax department on Sunday advised the black money holders that their undisclosed assets are "not hidden" from its gaze.
Jan 22, 2017, 18:08 PM IST
I-T pressure prompted many to opt for PMGKY post-demonetisation
The pressure built up by the income tax department post-demonetisation prompted those under scrutiny to opt for the Pradhan Mantri Garib Kalyan Yojana (PMGKY).
Jan 21, 2017, 21:23 PM IST
Govt bars cooperative banks from accepting deposits under new tax amnesty scheme
The government has barred cooperative banks from accepting deposits under the new tax amnesty scheme PMGKY, a move that comes amidst the Income Tax department uncovering anomalies post demonetisation.
Jan 20, 2017, 16:44 PM IST
I-T dept begins process of analysing deposits post note-ban
The I-T department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
Dec 28, 2016, 22:57 PM IST
No cash payment in demonetised notes for PMKGY after Dec 30: IT official
No one will be able to pay tax, surcharge, penalty and deposits under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) scheme in demonetised notes after December 30, even though the scheme will continue till March 31, 2017, an Income Tax official said on Wednesday.
Dec 28, 2016, 22:54 PM IST
Black money: Proof of tax paid, 4-year lock-in must to avail of new income disclosure scheme
Black money holders keen to avail of the new tax evasion amnesty scheme will have to first deposit 49.9 percent tax and park a quarter of their unaccounted cash in zero-interest deposit before being able to apply for it.
Dec 28, 2016, 15:34 PM IST
Now, use old Rs 500 and Rs 1000 notes for paying tax and penalty under new income disclosure scheme
The payments under the new black money disclosure scheme Pradhan Mantri Garib KalyanYojana (PMGKY), can be made till December 30, 2016.
Dec 22, 2016, 20:50 PM IST
