(2) For the purpose of sub-section (4) of section 80QQB and sub-section (3) of section 80RRB, the prescribed authority shall be the Reserve Bank of India or such other authority as is authorised under any law for the time being in force for regulating payments and dealings in foreign exchange."
Extra Notes for Readers:
- Rule 29A was introduced by the Income Tax (5th Amendment) Rules, 1997, w.e.f. 19-Mar-1997, later substituted by the Income Tax (19th Amendment) Rules, 2003, w.r.e.f. 1-Apr-2003.
Reference/Source: Check at Income Tax site for latest version of the Rules - link