Authorised dealer definition covers persons permitted to deal in foreign exchange or foreign security for TDS and TCS purposes.

Authorised dealer means a person authorised by the Reserve Bank of India under the Foreign Exchange Management Act, 1999 to deal in foreign exchange or foreign security. This definition applies for TDS/TCS purposes under the Income-tax Act, 2025 and corresponds with the relevant tax collection provision under the Income-tax Act, 1961.

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