Income Tax: The Central Government has specified that no collection of tax shall be made under section 206C(1F) of the Income Tax Act, 1961 on any payment received from the Reserve Bank of India.(17.10.2024)

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Income Tax

The Central Government has specified that no collection of tax shall be made under section 206C(1F) of the Income Tax Act, 1961 on any payment received from the Reserve Bank of India. This notification shall come into force from 16.10.2024.

[Notification No. 115/2024/F. No. 370142/21/2024-TPL dated 16.10.2024]