Bissoy.com
Doctors Medicines MCQs Q&A

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 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? Correct Answer Dhanlaxmi Bank

The correct answer is Dhanlaxmi Bank.

Key Points

  • Dhanlaxmi 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.
  • With this, customers will soon be able to pay their direct taxes and GST payments and other indirect taxes through the branch network and digital platforms of the bank.

Important Points

  •  The bank has been authorised by the Reserve Bank of India (RBI) based on the recommendation from the Controller General of Accounts for collection of various taxes.
  • The technical integration required to implement the seamless flow of remittances from the bank's portal to that of CBDT and CBIC will be completed at the earliest in order to provide early access to its customers towards the facilities.
  • In October, the bank had been empanelled as 'Agency Bank' by RBI to undertake general banking businesses of central and state government on behalf of RBI. 

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:
The new MoU signed between CBDT and CBIC in July 2020, supersedes the MoU signed between CBDT and the erstwhile Central Board of Excise and Customs in which year?
The Central Board for Indirect Taxes & Customs (CBIC) has launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP. It will provide free access to information on all customs procedures and regulatory compliance for nearly how many customs tariff items?
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?
RBI has authorized which bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC)?
In June 2020, the Central Board of Indirect Taxes and Customs (CBIC) has launched 'e-Office' in over how many GST and customs offices?
 How many employees of the Central Board of Indirect Taxes and Customs (CBIC) have been selected for grant of Presidential Award on 25 January, 2022?
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)?
Where had the Central Board of Indirect Taxes and Customs organised a Conference of the Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organisation (WCO) in May 2019?
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