Centre allows Payments to PMGKY in old Demonetised Currency till Dec 30

The Central Government has issued a notification stating that the payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib KalyanYojana (PMGKY) can be made in Old Bank Notes of Rs. 500 and Rs.1,000 till 30th December, 2016.

The Taxation and Investment Regime for Pradhan Mantri Garib KalyanYojana (PMGKY), 2016 has commenced on 17^th December, 2016 and is open for declarations up to 31^st March, 2017.

The payment of tax, surcharge and penalty under the Scheme is to be made through challan ITNS- 287 and the deposits are to be made in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. The notifications relating to PMGKY are available on the website www.incometaxindia.gov.in .