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PMGKY: Select ITdept offices to be open till Mar 31

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The Central Board of Direct Taxes (CBDT) on Thursday issued an order that all designated offices of the incometax department which can accept declarations under the black money window of Pradhan Mantri Garib Kalyan Yojana (PMGKY) will remain open till midnight of March 31. "The last date for making declaration under PMGKY is March 31.
Therefore, in order to facilitate the filing of declarations even after the office hours on the last date, the CBDT, hereby directs that the designated offices for receiving the declarations under PMGKY shall remain open till the midnight of March 31 in all jurisdictions," CBDT order said. The CBDT is the policymaking body of the incometax department.
Aperson or entity that opts for PMGKY will have to pay 49.9 per cent tax, whereasaperson who does not opt will facearate of 77.25 per cent.

Business Standard New Delhi,31st March 2017

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