Notice

Govt. may notify scheme for taxing black money holders this week

Govt. may notify scheme for taxing black money holders this week

  • The government is likely to notify scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.
  • The Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 per cent taxes and surcharge on declarations of unaccounted cash deposited in banks. Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.
  • The Department of Revenue will by the end of the week notify PMGKY 2016, which was a part of ‘The Taxation Laws (Second Amendment) Bill, 2016’.

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Jayantika Singh, IRS (IT) talks about her journey of Civil Services Exam preparation with Success Guru A.K. Mishra in the latest episode of Success Speaks. She basically belongs to Riva in Madhya Pradesh but because of her father in Army, she stayed in many cities in India.