Banks Warned Against Not Ac­cept­ing ‘Amnesty’ Tax

The Economic Times - - Companies: Pursuit Of Profit - Our Bureau

New Delhi: The gov­ern­ment has warned banks of “de-au­tho­ri­sa­tion” of branches if they refuse to ac­cept taxes un­der the amnesty scheme Prad­han Mantri Garib Kalyan Yo­jana (PMGKY), which ends on March 31.

The fi­nance min­istry, in a com­mu­ni­ca­tion to heads of banks autho­rised to ac­cept deposits un­der the PMGKY, has asked them to is­sue di­rec­tions to all branches for mak­ing nec­es­sary changes in their sys­tems to ac­cept the tax.

There have been com­plaints that many banks were not ac­cept­ing pay­ments of tax un­der PMGKY due to lack of aware­ness of pre­scribed chal­lan and cer­tain tech­ni­cal rea­sons.

The mat­ter was re­ferred to the prin­ci­pal chief con­troller of ac­counts, who is­sued an order to banks.

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