Avail Pradhan Mantri Garib Kalyan Yojna or face action: I-T warns defaulters

With the black money window of PMGKY set to close soon, the I-T department today warned the stash holders to avail the scheme or face stringent action under Benami laws, adding that the defaulters’ names will also be shared with the central probe agencies. "The Pradhan Mantri Garib Kalyan Yojna (PMGKY) is the last available opportunity to come clean and avoid harsh steps (from the Income Tax department). After the scheme closes, stringent action will be taken against persons who have deposited unaccounted cash but failed to disclose it before the law," a senior I-T officer said.