Garib Kalyan Yojana- If tax paid by Mar 31, declaration can be filed by May 10
By TIOL News Service
NEW DELHI, APR 21, 2017: The Central Board of Direct Taxes (CBDT) vide Circular No.14 of 2017 dated April 21, 2017, has extended the date of filing of declaration under Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) to May 10, 2017 in cases where tax, surcharge and penalty under PMGKY has been paid on or before the March 31, 2017, and deposit under the Deposit Scheme has been made on or before the April 30, 2017.
The Taxation and Investment Regime for PMGKY had commenced on December 17, 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 March 31, 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 April 19 , 2017 has extended the date of making deposit under the Deposit Scheme upto April 30, 2017 in respect of cases where tax, surcharge and penalty under PMGKY has been paid on or before March 31, 2017.
Subsequently, CBDT vide Circular No.14 of 2017 dated April 21, 2017 has extended the date of filing of declaration under PMGKY to May 10, 2017 in cases where tax, surcharge and penalty under PMGKY has been paid on or before the March 31, 2017, and deposit under the Deposit Scheme has been made on or before the April 30, 2017.
The Circular may be accessed on the official website of the Income-tax Department www.incometaxindia.gov.in.
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