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I-T Department warns black money hoarders of action

I-T Department warns black money hoarders of action

Tuesday, March 21, 2017, 9:57 AM

The I-T Department warned black money hoarders of punitive action if they do not deposit their unaccounted cash, held in bank deposits or in new currency, under Pradhan Mantri Garib Kalyana Yojana by March 31. Government unveiled PMGKY amnesty scheme from December 16, 2016 to March 31, 2017 for declaring unaccounted wealth and avoiding prosecution by paying fine of 50% on the undisclosed income.
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