Bissoy.com
Doctors Medicines MCQs Q&A

In November 2021, which of the following has been authorized by the Reserve Bank of India (RBI),  to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT)?

In November 2021, which of the following has been authorized by the Reserve Bank of India (RBI),  to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT)? Correct Answer RBL Bank

The correct answer is RBL Bank.

Key Points

  • RBL Bank has been authorized by the Reserve Bank of India (RBI),  to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
  • The recommendation was made by the Controller General of Accounts, Ministry of Finance, and Government of India.
  • RBL Bank's corporate and individual customers will be able to pay their direct taxes through RBL Bank's mobile or net banking platforms.

Important Points

  • ​After technical integration, RBL Bank’s corporate and individual customers will be able to pay their direct taxes through RBL Bank’s mobile banking or net banking platforms

Additional Information

  • RBL Bank is one of India’s leading private sector banks with an expanding presence across the country.
  • The Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations.
  • RBL Bank is headquartered in Mumbai.
  • It was founded in 1943.

Related Questions

Consider the following statements about Central Board of Direct Taxes (CBDT). (a) The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. (b) It provides essential inputs for policy and planning of direct & Indirect taxes in India. (c) The CBDT is headed by CBDT Chairman and it comprises of seven members. (d) It is India’s official Financial Action Task Force unit. Which of the following statements are correct about CBDT? Select the correct answer using the code given below:
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.
Which among the following is NOT a correct statement?  1. The Reserve Bank of India worked as Central Bank of Burma till April 1947 2. The Reserve Bank of India worked as Central Bank of Pakistan till June 1948 3. The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975 4. The Reserve Bank of India commenced its operations on April 1, 1935 
RBI has authorized which bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC)?
In April 2022, which bank has signed an MoU with the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for the collection of taxes?
In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A: RBI regulates commercial banks and non-banking finance companies working in India. B: RBI plays an important part in the Development Strategy of the Government of India. C: The Reserve Bank of India (RBI) is India's central bank, which controls the issue and supply of the Indian rupee.  D: RBI is the regulator of the entire Banking in India.
Which bank has commenced the integration process with the Central Board of Direct Taxes to collect direct taxes on its behalf?
In July 2020, a formal MoU was signed between the Central Board of Direct Taxes, CBDT and which Ministry for sharing of data by CBDT to the Ministry?
Which of the following statements related to the Reserve Bank of India (RBI) is/are true? Statements: I. RBI was established under the Reserve Bank of India Act, 1935. II. RBI maintains a current account of State Governments for keeping their cash balances. III. Sir Benegal Rama Rau was the longest serving governor of RBI.
Mr. Murugan from Chennai experienced the comfort of Limo during his visit to China. He was willing to deposit an approximate price of Limo to buy the first available unit from Mr. Ahmed, a dealer in Chennai, known for fair dealing. Ginger Automobile is yet to announce the actual price, and the process for allocation of the vehicles. In order to maximise his cash flow, Mr. Ahmed should 1. collect the amount from Mr. Murugan. Later when the delivery is delayed, blame it on PAC's problems. 2. collect 50% as advance and the remaining 50% after the confirmation of launch date by Ginger Automobiles. 3. collect the amount Mr. Murugan is willing to deposit after clarifying that delivery is subject to the company policy. 4. not collect the amount, but suggest to Mr. Murugan to write to Ginger Automobiles. 5. collect the amount and transfer it to the account of Ginger Automobiles, instead of keeping it in his personal account.