Insta
All You Need To Know About The New Taxation And Investment Regime For PMGKY
Old Indian Rs 1,000 currency notes. Photo credit: INDRANIL MUKHERJEE/AFP/Getty Images
The Taxation Laws (Second Amendment) Bill 2016 has been passed in the Lok Sabha. During the debate in the lower house, Finance Minister Arun Jaitley said amendments to the income tax law became necessary in light of the fact that people were rushing to turn their black money white.
Part of the amendment to the income tax law comprises the introduction of a new taxation and investment regime, which encourages people to disclose their hitherto undisclosed incomes in cash and deposits by paying a penalty.
Here’s an overview of the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 (PMGKY).
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
