How to encash 25% deposit made in Banks under PMGKY Scheme, 2016?

Tax queries 100 views 1 replies

Dear Professional Friends, One of my client, disclosed Income Under PMGKY Scheme (IDS scheme) & filed Form-1 accordingly, by paying the taxes @ 49.9% and also deposited 25% of the disclosed income in nationalized bank, now the lock in period of 4 years completed for deposit, how can he encash the amount from the matured deposit?
he has shown "form-1 & deposit receipt" both to the concerned bank officers & jurisdictional assessing officers, but both expressed their inability to guide me.
Professional Experts are requested to guide to encash the deposit.
Thanks in advance.
CA Satish

Replies (1)

 

below link of RBI gives details of the deposit under the scheme

https://m.rbi.org.in/SCRIPTs/FAQView.aspx?Id=121


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