Rule & Provision Under PMGKY Conflicts With Each Other ! Greatly Curtails Right of Declarant .

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The Pradhan Mantri Garib Kalyan Yojna vide section 199C of the Finance Act 2016 is effective from today to 31st March 2016 . Earlier , 7 FAQs on PMGKY was published. This quick posting is  about the great conflict between Rules and Actual provision under the PMGKY enacted vide Finance Act 2016 . The conflict is so great that it almost propose a trap for declarants . The conflict curtails the right of the declarant under the scheme  .The government need to use the provision for “power to remove difficulties ”  under section 199Q of the Finance Act  and amend the rules or provision , so that the ununtended conflict is no more in existence.

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