TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
New Delhi, the 16th December, 2016
THE TAXATION AND INVESTMENT REGIME FOR PRADHAN
MANTRI GARIB KALYAN YOJANA RULES, 2016
S.O.4059(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of
section 199R of the Finance Act, 2016 (28 of 2016), the Central Board of Direct Taxes, subject to
the control of the Central Government hereby makes the following rules, namely :—
1.
Short title and commencement.—(1) These rules may be called the Taxation and
Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules, 2016.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions.— (1) In these rules, unless the context otherwise requires,—
(a) “Act” means the Finance Act, 2016 (28 of 2016);
(b) “Form” means a form appended to these rules;
(2) The words and expressions used and not defined in these rules but defined in the Act, or the
Income-tax Act, 1961 (43 of 1961) or the rules made thereunder, shall have the meanings
respectively assigned to them in those Acts and rules.
3. Declaration of income in the form of cash or deposit in an account.-
(1) A declaration of income in the form of cash or deposit in an account maintained with a
specified entity, under sub-section (1) of section 199C shall be made in Form-1.
(2) The declaration shall be furnished to the Principal Commissioner or the Commissioner, as
the case may be, notified under sub-section (1) of section 199G,-
(a) electronically under digital signature; or
(b) through transmission of data electronically under electronic verification code; or
(c) in print form.
(3) If any person, having furnished a declaration under sub-rule (2), discovers any omission or
any wrong statement therein, he may furnish a revised declaration on or before the date notified
for filing declaration under sub-section (1) of section 199C.
(4) The Principal Commissioner or the Commissioner, as the case may be, shall issue a certificate
in Form-2 to the declarant within thirty days from the end of the month in which a valid
declaration under sub-section (1) of section 199C has been furnished.
(5) The Principal Director-General of Income-tax (Systems) or Director-General of Income-tax
(Systems) shall specify the procedures, formats and standards for ensuring secure capture and
transmission of data and shall also be responsible for evolving and implementing appropriate
security, archival and retrieval policies in relation to furnishing the form in the manner specified
in sub-rule (2) or sub-rule (3).
Explanation.—For the purposes of this rule “electronic verification code” means a code generated
for the purpose of electronic verification of the person furnishing the return of income as per the
data structure and standards specified by Principal Director General of Income-tax (Systems) or
Director General of Income-tax (Systems).
Form 1
[See rule 3 (1)]
FORM OF DECLARATION UNDER SECTION 199C OF THE FINANCE ACT, 2016, IN RESPECT OF THE
TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA RULES, 2016
To,
The Principal Commissioner/Commissioner
……………………………………
Madam/ Sir,
I hereby make a declaration under section 199C of the Finance Act, 2016. I give below the necessary
particulars:−
1. Name of the declarant ……………….……………………………………………………………………………
2. Address:
Office……………………………………………………………….……………………………....
………………………………………………………………… Telephone No ……………..……
Residence……………………………………………………………………………………………
………………………………………………………………………………………………………..
Mobile No. ………………….Telephone No………………… E-mail…………………………..
3.
Permanent Account Number (PAN)
(In case PAN is not held, please apply for PAN and quote the date of
application and acknowledgment number)
………..………………………
4. Aadhaar Number issued by UIDAI
(if available)
………..………………………
5.
Status of the declarant
(a) Whether individual, HUF, firm, company etc.
……………………………….
(b) Whether Resident/Non-Resident/Not ordinarily resident
…………….…………………
6. Filing status
(a)
Whether the declaration
is original
or revised
(b)
If revised-
(i) Enter receipt No. and Date of filing original
Form-1 (DD/MM/YYYY)
/ /
(ii) Reasons for revised declaration
(not exceeding 100 words)”.
…………………………………………..
7. (a) Total amount of undisclosed income declared
….……………………………..
(b) Out of (a) above:-
(i) Amount held in cash
Rs.…………………………….
(ii) Details of amount deposited in a bank account/post office account etc.
Sl.
No.
Account number
Name of Bank/ Post
office etc.
Branch name
IFSC code/ any
other identity
code
Amount
(in Rs.)
Total
8. Tax payable thereon [@ 30% of item 7(a)]
Rs.………………..…….
9. Surcharge payable thereon (@ 33% of item 8)
Rs.…………………..…..
10. Penalty payable thereon [@10% of item 7(a)]
Rs..………………………
11. Total of tax, surcharge and penalty payable (8+9+10)
Rs..………………………
12.
Details of amount paid on or before the date of
declaration
Rs.…………….…………
(Attach proof of payment and provide details below)
Sl.
BSR Code of Bank
Date of Deposit
(DD/MM/YYYY)
Serial Number of
Challan
Amount (Rs)
(1)
(2)
(3)
(4)
(5)
13. Details of amount deposited in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016
(Attach proof of deposit and provide details below)
(i)
Amount deposited
[Minimum deposit amount is 25% of item 7(a)]
Rs.…………….…………
(ii)
Date of deposit
.…………….……………
(iii)
Acknowledgement/deposit reference number
.…………….……………
(iv)
Name and details of branch of the entity in which
.…………….……………
deposit is made
.…………….……………
VERIFICATION
I ……………………………………………….. son/daughter/wife of Shri……………………………………………..
(Full name in block letters)
(Name of father/husband)
hereby solemnly declare that-
(a) the information given in this declaration is correct and complete to the best of my knowledge and belief;
(b) the provisions of clause (a) of section 199-O of the Finance Act, 2016 in respect of Conservation of Foreign
Exchange and Prevention of Smuggling Activities Act, 1974 are not applicable to me;
(c) the provision clause (b) of section 199-O of the Finance Act, 2016 in respect of Indian Penal Code, the
Narcotic Drugs and Psychotropic Substances Act, 1985, the Unlawful Activities (Prevention) Act, 1967,
the Prevention of Corruption Act, 1988, Prohibition of Benami Property Transactions Act, 1988 and the
Prevention of Money Laundering Act, 2002 are not applicable to me;
(d) I am not notified under section 3 of the Special Court (Trial of Offences Relating to Transactions in
Securities) Act, 1992;
(e) the income declared is not chargeable to tax under the Black Money (Undisclosed Foreign Income and
Assets) and Imposition of Tax Act, 2015;
I further declare that I am making this declaration in my capacity as……………………………………………….
(Designation)
and that I am competent to make this declaration and verify it.
…………………………………………………..
(Signature)
Place………………….
Date…………………..
Form 2
[See rule 3 (4)]
CERTIFICATE OF DECLARATION UNDER SECTION 199C OF THE FINANCE ACT, 2016, IN RESPECT OF THE
TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA RULES, 2016
Office of the Principal Commissioner/Commissioner of Income-tax,
………………………………
………………………………
This is to acknowledge that a declaration under section 199C of the Finance Act, 2016 has been accepted in
respect of the following:
1)
Name and address of the declarant:
…….……………………………………………………..
…………………………………………………………..
…………………………………………………………..
2)
Son/Daughter/Wife of
…………………………………………………………...
3)
PAN
…………………………………………………………….
4)
Receipt No. and date of filing the Declaration: ………………………………………………………..
5)
Details of declaration as per Form-1
(a) Total amount of undisclosed income declared
Rs.…...………………………..
(b) Out of (a) above
(i) Amount held in cash
Rs.…………………………….
(ii) Details of amount deposited in a bank account/post office account etc.
Sl.
No.
Account number
Name of Bank/ Post
office etc.
Branch name
IFSC code/ any
other identity
code
Amount
(in Rs.)
Total
(c) Tax, surcharge and penalty paid on the
undisclosed income declared
Rs.…...………………………..
(d) Details of amount deposited in Pradhan Mantri
Garib Kalyan Deposit Scheme, 2016
(i) Amount deposited
