Banks Warned Against Not Accepting ‘Amnesty’ Tax
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.