Higher Rate of Tax Collection at Source (TCS) for non-furnishing of ITR: Central Government notifies the Reserve Bank of India u/s 206CCA(3)(ii) - RBI excluded from scope of "Specified person" - 46/2024 - Income Tax

MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 46/2024 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. [F. No 370142/8/2024-TPL] KHUSHBOO LATHER, Under Secy.