Central Government specifies provision shall not apply u/s 269ST- behalf of a banking company or co-operative bank, in accordance with the guidelines issued by the Reserve Bank of India

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..... ted the 03rd July, 2017 S.O. 2065(E) .- In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that the provision of section 269ST shall not apply to the following, namely:- (a) receipt by a business correspondent on behalf of a banking company or co-operative bank, in acco .....

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