Examination of the issue regarding exemption of Foreign representations approved by the Ministry of External Affairs from tax deduction at source us 194N of the Income tax Act 1961

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-28112024-259001 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4731] NEW DELHI, THURSDAY, NOVEMBER 28, 2024/AGRAHAYANA 7, 1946 7707 GI/2024 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th November, 2024 INCOME-TAX S.O. 5121(E).—In exercise of the powers conferred by the fifth proviso to section 194N of the Income-tax Act, 1961 (43 of 1961) (hereafter in this notification referred to as the said Act), the Central Government after consultation with the Reserve Bank of India, hereby specifies that the provisions of section 194N of the said Act shall not apply to Foreign Representations duly approved by the Ministry of External Affairs of the Government of India including Diplomatic Missions, agencies of the United Nations, International Organisations, Consulates and Offices of Honorary Consuls which are exempt from paying taxes in India as per the Diplomatic Relations (Vienna Convention) Act 1972 (43 of 1972) and the United Nations (Privileges and Immunities) Act 1947 (46 of 1947). 2. The notification shall be deemed to have come into force with effect from the 1st day of December, 2024. [Notification No. 123/2024/F. No. 275/39/2021-IT(B)] RUBAL SINGH, Dy. Secy. (IT-Budget) 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.