Taxation of Deposits of Demonetized 500/- and 1000/- Notes [2nd Edition 2017]

Also Incorporating

1. Guide to Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules, 2016
2. Pradhan Mantri Garib Kalyan Deposit Scheme 2016
   

Pradhan Mantri Garib Kalyan Yojana (PMGKY)

1.     Who can make declaration under the scheme
2.     Who cannot make declaration under PMGKY
3.     Which income can be declared under PMGKY?
4.     For which assessment years can a declaration be made
5.     What is the effect of notice u/s 142/143(2)/148/153A/153C on eligibility to declare?
6.     Effect of search/requisition/survey u/s 132/132A/133
7.     What is the quantum of tax, interest, penalty, surcharge and deposit that has to be paid on undisclosed income declared?
8.     What is the procedure for making declaration and payment of tax, surcharge & penalty under the Scheme
9.     Immunities available to the declarant
10.     Disclosure of income by different assessable entities
11.     Effect of declaration on completed assessments
12.     Consequences of non-declaration under the Scheme Scheme of Taxation @77.25%
13.     Voluntary disclosure of ’undisclosed income’ in Income-tax Return : An On Tap Voluntary Disclosure Scheme Search & Seizure cases
14.     Taxation @ 107.25% to 137.25% in Search and Seizure Cases

1. Voluntary disclosure of ’undisclosed income’ in Income-tax Return : An On Tap Voluntary Disclosure Scheme