The Reserve Bank of India has authorized…………. to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT)
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → KARUR Vyasa Bank (KVB)
The Reserve Bank of India has authorised Karur Vyasa Bank (KVB) to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Following the approval received, KVB has initiated the integration process with CBDT.