Home Business Govt further extends deadline for deposits under PMGKY to April 30

Govt further extends deadline for deposits under PMGKY to April 30

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Government has extended the last date to make deposits under the Pradhan Mantri Garib Kalyan Yojna (PMGKY) to 30th of this month for those availing the scheme and have already paid tax, surcharge and penalties.

The scheme, which opened in December last year, provided last chance to holders of undisclosed income to come clean by paying tax and penalty.

The RBI in a release said, the persons who had filed the declaration by depositing tax, surcharge and penalty under the scheme on or before 31st of March, will be allowed extension of time till April 30 for banks to upload details into RBI’s E-Kuber system and for depositors to make commensurate deposits, if not already done. RBI said, the date of deposit and uploading would not be extended beyond 30th of April.

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