PMGKY: Form 1 can be filed by Apr 10, if deposit made by deadline

The Central Board of Direct Taxes (CBDT) on Friday saidablack money declarant under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) will be allowed to fileadeclaration, under the stipulated Form, 1 by April 10, if tax and penalty is paid by the deadline that ended on Friday.

The Form 1 isadeclaration format that has to be submitted byablack money holder to the designated tax department authority viaahard copy or online.

Following this, the taxman will issueaForm 2 or certificate stating that the declaration has been accepted and is valid under the PMGKY.

The CBDT had on Thursday issued orders that all designated offices of the income tax department that accept declarations under the black money window of PMGKY will remain open till the midnight of March 31

Business Standard New Delhi,01th April 2017

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