Tax disclosure scheme to open from Dec 17 to March 31: Govt
Unaccounted cash can be disclosed under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) starting from tomorrow (December 17) till March 31, Revenue Secretary Hasmukh Adhia announced on Friday. The new disclosure scheme comes with 50% tax including penalty. Further, declarations under the new scheme will be kept confidential and information will not be used for prosecution, he added.