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Core Purpose

Notification under Section 206AB of the Income-tax Act, 1961 exempting the Reserve Bank of India from the enhanced tax deduction at source provisions applicable to specified persons.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, by notification S.O. 2107(E) dated 27th May 2024, in exercise of powers under clause (ii) of the proviso to sub-section (3) of Section 206AB of the Income-tax Act, 1961 (43 of 1961), notifies the Reserve Bank of India as a person referred to in that clause, with the notification effective from the date of its publication in the Official Gazette; it was issued as Notification No. 45/2024 (F. No. 370142/8/2024-TPL) and signed by Khushboo Lather, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-27052024-254350 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 2008] 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. 2107(E).—In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 206AB 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. 45/2024/F. No 370142/8/2024-TPL] KHUSHBOO LATHER,Under Secy.

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