Chhattisgarh Income Tax Chief Commissioner KC Ghumaria on Thursday informed that the Government and the RBI has given 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.
The extension of time till April 30 has also been given to banks for uploading details into the RBIs E-Kuber system. The scheme, which opened on December 17, 2016, provided last chance to holders of undisclosed income to come clean by paying tax and penalty. The scheme closed on March 31, it may be recalled.
Ghumaria said that it has now been decided by the Government of India, in case of persons who had filed the declaration by depositing tax, surcharge and penalty under PMGKDS on or before March 31, to allow extension of time till April 30 for banks to upload details into RBIs E-Kuber system and for depositors to make commensurate deposits, if not already done. The date of deposit and uploading would not be extended beyond April 30, 2017.
The effective date of opening of the Bonds ledger Account shall be the date of receipt of deposits by the Reserve Bank of India from the authorized banks; wherein the due tax, surcharge and penalty has been received till March 31, 2017, he further said.
Ghumaria said that Raipur has 25 cases related to PMGKDS whereas 39 per cent people had applied online for depositing tax, surcharge and penalty under PMGKDS.