Mar 31, 2017

CBDT Issue Clarification on PMGKY 2016

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
(hereinafter ‘the Scheme’) has commenced on 17.12.2016 and is open for declarations upto
31.03.2017.

2. Representations have been received from various stakeholders regarding difficulties in
uploading of declaration in Form No.1 under the Scheme. Instances have been
communicated wherein despite making payment of tax, surcharge, penalty and deposit under the Scheme, Challan Identification Number / deposit reference number with respect to the payment of tax, surcharge, penalty and deposit under the Scheme has not been provided by the banks. Consequently, the assessees are unable to upload Form No.1.
CBDT Issue Clarification on PMGKY 2016

3. Considering the rush in banks during last days of financial year, which also happens to
be the last date of filing declaration under the Scheme, CBDT has decided that if an assessee has made payment of tax, surcharge, penalty and deposit under the Scheme, in the banks by the closing hours of 31st March, 2017, he shall be allowed to file declaration in Form No.1under the Scheme by the 10th of April, 2017.

(Dr. T. S. Mapwal)
Under Secretary to the Government of India

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