2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canara Bank
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Punjab National Bank
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Dhanlaxmi Bank
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State Bank Of India
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Detailed explanation-1: -Detailed Solution. The correct answer is Dhanlaxmi Bank.
Detailed explanation-2: -Ministry of Defence signs MoU with Bank of Baroda and HDFC Bank | Ministry of Defence.
Detailed explanation-3: -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). The Kerala based bank signed an MoU with the CBDT and CBIC for collection of various taxes.
Detailed explanation-4: -With this announcement, the Bank can now collect Direct and Indirect taxes. After technical integration, RBL Bank’s corporate and individual customers will be able to pay their Indirect taxes through RBL Bank’s mobile banking or net banking platforms as well as through the branch banking network.
Detailed explanation-5: -It exercises control in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards namely, the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC).