The Ministry of Finance, (MoF), on May 27, 2024, issued a notification regarding Section 206AB.
The following has been stated-
The Central Government hereby notifies the Reserve Bank of India to be a person referred to in the said clause
Section 206AB states a Special provision for the deduction of tax at source for non-filers of income-tax returns.
This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No. S.O. 2107(E)]