Gazette Tracker
Gazette Tracker

Core Purpose

Notification under Section 206C(12) of the Income-tax Act, 1961 exempting payments received from the Reserve Bank of India from tax collection at source under Section 206C(1F).

Detailed Summary

The Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), issued Notification S.O. 4545(E) dated 16 October 2024 (Notification No. 115/2024, F. No. 370142/21/2024-TPL), under sub-section (12) of Section 206C of the Income-tax Act, 1961 (43 of 1961), specifying that no tax shall be collected under sub-section (1F) of Section 206C of the Act on any payment received from the Reserve Bank of India. The notification came into force on the date of its publication in the Official Gazette and was signed by Khushboo Lather, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-16102024-257959 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4181] NEW DELHI, WEDNESDAY, OCTOBER 16, 2024/ASVINA 24, 1946 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 16th October, 2024 (INCOME-TAX) S.O. 4545(E).— In exercise of the powers conferred by sub-section (12) of section 206C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that no collection of tax shall be made under sub-section (1F) of section 206C of the said Act on any payment received from the Reserve Bank of India. 2. This notification shall come into force on the date of its publication in the Official Gazette. [No. 115/2024/F. No. 370142/21/2024-TPL] KHUSHBOO LATHER, Under Secy.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free