Advertisement
trendingNowenglish1974561https://zeenews.india.com/economy/new-income-disclosure-scheme-people-can-deposit-money-in-parts_1974561.html

New income disclosure scheme: People can deposit money in parts

The government on Tuesday allowed declarants to make deposits on one or more occasions in Pradhan Mantri Garib Kalyan Deposit Scheme(PMGKDS), 2016.

New income disclosure scheme: People can deposit money in parts

New Delhi: The government on Tuesday allowed declarants to make deposits on one or more occasions in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016.

"The government has decided to allow declarants to make deposits on one or more occasions in the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016," said a statement by the Finance Ministry.

 

The government, in consultation with the Reserve Bank of India (RBI), had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 on December 16 last year.

The deposit under this scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016.

The deposit sum, which shall not be less than twenty-five percent of the declared undisclosed income, can be deposited at the authorized banks from December 17, 2016 to March 31, 2017.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK