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Notification No. 98/2021 [F. No. 370142/11/2021-TPL] / SO 3595(E)


 Notice Date : 02 September 2021

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi

Notification No. 98/2021 - Income tax

Dated: 2nd September, 2021

S.O. 3595(E). – In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies specified Bank to mean a banking company which is a scheduled bank and has been appointed as agents of Reserve Bank of India under section 45 of the Reserve Bank of India Act, 1934 (2 of 1934).

Explanation: For the purpose of this notification,-

1. “banking company” shall have the meaning assigned to it in clause (a) of section 45A of the Reserve Bank of India Act, 1934 (2 of 1934);

2 “scheduled bank” shall have the meaning assigned to it in clause (e) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934).

2. This notification shall come into force from the date of publication in the Official Gazette.

[Notification No. 98/2021/F. No. 370142/11/2021-TPL]
ANKIT JAIN, Under Secy. (Tax Policy and Legislation Division)

 

Guest
on 04 September 2021
Notification No : 98/2021 - Income tax
Published in Income Tax
Source : , https://www.incometaxindia.gov.in/communications/notification/notification_98_2021.pdf










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