Higher Rate of TDS for non-furnishing of ITR - Central Government notifies the Reserve Bank of India u/s 206AB(3)(ii) - RBI excluded from scope of 'Specified person' - 45/2024 - Income Tax Act, 1961
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Higher TDS for non-furnishing of ITR: Reserve Bank notified as a specified person, effective on publication. Central Government has notified the Reserve Bank to be a person referred to in the proviso to the higher-TDS provision, bringing the central banking authority within the scope of the higher rate of tax deduction for payees who do not furnish income-tax returns; the notification is effective from its publication in the Official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Higher TDS for non-furnishing of ITR: Reserve Bank notified as a specified person, effective on publication.
Central Government has notified the Reserve Bank to be a person referred to in the proviso to the higher-TDS provision, bringing the central banking authority within the scope of the higher rate of tax deduction for payees who do not furnish income-tax returns; the notification is effective from its publication in the Official Gazette.
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