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Foreign Accounts, Property, Bullion Can't Be Disclosed Under PMGKY

Foreign Accounts, Property, Bullion Can't Be Disclosed Under PMGKY

Thursday, January 19, 2017, 7:29 PM

Setting a boundary for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holdings can be declared through it and not jewellery, stocks, immovable property or overseas accounts. The Central Board of Direct Taxes (CBDT), said the scheme provides for "only income represented in form of cash or deposit in an account which can be declared".
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