2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBL Bank
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Lakshmi Vilas Bank
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DBS Bank
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Yes Bank
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Detailed explanation-1: -The Reserve Bank of India has authorised South Indian Bankto collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC).
Detailed explanation-2: -"Reserve Bank of India has authorised Karur Vysya Bank to collect direct taxes on behalf of Central Board of Direct Taxes.
Detailed explanation-3: -Thrissur: South Indian Bank has been authorised by Reserve Bank of India, for the collection of Direct Taxes and Indirect Taxes, on behalf of CBDT and CBIC.
Detailed explanation-4: -Detailed Solution. The correct answer is RBL Bank. RBI has authorized RBL Bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC). The bank had recently been authorized to collect direct taxes on behalf of the Central Board of Direct Taxes.
Detailed explanation-5: -Synopsis. The bank had recently been authorised to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT). The Reserve Bank has granted permission to RBL Bank to collect indirect taxes on behalf of the government, the private sector lender said on Friday.