Cooperative banks can't accept deposits under PMGKY - Govt
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The PMGKDS permits voluntary declarations of previously undisclosed income with an effective tax rate of 50 per cent and requires assessees to deposit a further 25 per cent of such wealth into a four-year interest-free deposit.
The scheme was launched on 17th of last month and will remain open for declarations upto 31st March this year. #casansaar (NewsonAir)
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