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Home India Ministry of Finance Gazette Exemption for RBI from Section 206A...

Exemption for RBI from Section 206AB

Date: 27th May 2024
Category: Extra Ordinary
Issued by Ministry of Finance · Department of Revenue
New Delhi

Read or download the official PDF of this gazette notification issued by the Ministry of Finance on 27th May 2024. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27052024-254350 CG-DxLx-xEG-I2D7H0x5x2x0 24-254350 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2008] नई दिल्ली, सोमिार, मई 27, 2024/ज्य ष्े ठ 6, 1946 No. 2008] NEW DELHI, MONDAY, MAY 27, 2024/JYAISHTHA 6, 1946 जित्त...

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  • The notification S.O. 2107(E) issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, notifies the Reserve Bank of India (RBI) as a specified person under clause (ii) of the proviso to sub-section (3) of section 206AB of the Income-tax Act, 1961.
  • This notification is effective from the date of its publication in the Official Gazette, which is May 27, 2024.
  • The Reserve Bank of India is now explicitly identified as a person exempt from the higher tax deduction at source (TDS) or tax collection at source (TCS) rates under Section 206AB of the Income-tax Act, 1961.
  • This exemption is granted under clause (ii) of the proviso to sub-section (3) of section 206AB.

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