Govt exempts RBI payments from tax collection under Income Tax Act Section 206C(1F.

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....The Central Government, exercising powers under sub-section (12) of section 206C of the Income-tax Act, 1961, has specified that no tax collection shall be made under sub-section (1F) of section 206C on any payment received from the Reserve Bank of India. This notification comes into force on the date of its publication in the Official Gazette.....