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    <title>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 &quot;Specified person&quot;</title>
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    <description>Central Government notifies the Reserve Bank of India to be the person referred to in clause (ii) of the proviso to sub-section (3) of section 206CCA of the Income-tax Act, 1961, relating to collection of tax at source at a higher rate for non-furnishing of income-tax returns; the notification takes effect from its publication in the Official Gazette.</description>
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