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Core Purpose

Notification under clause (ii) of the proviso to sub-section (3) of section 206CCA of the Income-tax Act, 1961, notifying the Reserve Bank of India as an exempt specified person for purposes of that section.

Detailed Summary

This notification, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, as S.O. 2106(E) dated 27 May 2024 (Notification No. 46/2024, F. No. 370142/8/2024-TPL), exercises powers under clause (ii) of the proviso to sub-section (3) of section 206CCA of the Income-tax Act, 1961 (43 of 1961) to notify the Reserve Bank of India as a person covered by that clause, exempting it from the higher TDS/TCS rates otherwise applicable to non-filers of income-tax returns under section 206CCA; the notification takes effect from the date of its publication in the Official Gazette and is signed by Khushboo Lather, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-27052024-254349 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 2007] NEW DELHI, MONDAY, MAY 27, 2024/JYAISHTHA 6, 1946 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th May, 2024 (INCOME-TAX) S.O. 2106(E).—In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 206CCA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Reserve Bank of India to be a person referred to in the said clause. 2. This notification shall come into force from the date of its publication in the Official Gazette. [No. 46/2024 F. No 370142/8/2024-TPL] KHUSHBOO LATHER,Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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