Undisclosed Cash or Deposit Only Can Be Declared Under PMGKY . Income in Any Other Form Not Allowed !

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undisclosed cash or depositPradhan Mantri Gramim Kalyan Yojana 2016 ( PMGKY ) scheme started from 17th December 2016 under which anyone ( except ) certain persons can participate . Point to note here is that unlike Income Declaration Scheme 2016 ( IDS 2016) ,  there is no restriction for anyone who has received notice under section 142/143(2)/148/153A/153C for declaration. case is pending or search case is pending . The Central Board of Direct Taxes (CBDT) has issued instructions to carry out detailed enquiry of taxpayers who had invested money in penny stocks, whose share prices were artificially raised for booking bogus claims of long term capital gains (LTCG) or short term capital loss (STCL) by various beneficiaries.So question is can someone , being scrutinized by scrutiny assessment or under reassment proceeding   for bogus long term capital gains , particiapte in the PMGKY 2016 ?
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