CBDT Exempts RBI from TCS Requirement under Section 206C(1F) of the Income Tax Act

Last updated: 18 October 2024

In a significant update, the Central Board of Direct Taxes (CBDT) has issued Notification No. 115/2024, dated October 16, 2024, exempting the Reserve Bank of India (RBI) from the requirement of tax collection at source (TCS) under Section 206C(1F) of the Income Tax Act, 1961. This exemption applies

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

CCI Pro

Category Income Tax   Report

Comment   Share
  3834 Views
Comments

Recent News :

  1. ITAT Delhi Favors Taxpayer in Rs 8.68 Lakh Cash Deposit Case
  2. PMLA Court Denies Bail to IPS Officer's Husband in Rs 263 Crore IT Refund Scam
  3. Tax Community Shocked as ITAT Endorses 22% Tax on LTCG Under Section 115BAA
  4. Gross GST Revenue Rises 4.6% YoY to Rs 1.96 Lakh Crore in October 2025
  5. GST Registration to Be Auto-Approved Within 3 Days Under New CBIC Rules, Effective 1st Nov 2025
  6. CBIC Extends Online Application Facility for MOOWR Scheme on Invest India Portal Till 15th Nov 2025
  7. SC Halts GST Demand on JDA Project, Sparks Debate on Taxability of Land Transfers
  8. GSTN Issues Advisory on Simplified GST Registration Scheme under Rule 14A Effective 1st November 2025
  9. CGST Delhi South Commissionerate Busts Rs 31.95 Crore Fake ITC Racket
  10. Customs Act Amended: CBIC Inserts Reference to Section 18A via Notification 68/2025

More »


Popular News




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us

Browse by Category