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Section 197A - No deduction to be made in certain cases - Income-tax Act, 1961

Extract

..... n 192A or section 193 or section 194A 32[ or section 194D ] or section 194DA] 30[ or section 194-I ] or section 194K, no deduction of tax shall be made under 11[any] of the said sections in the case of a person (not being a company or a firm), if such person furnishes to the person responsible for paying any income of the nature referred to in 27[section 192A or section 193 or section 194A 32[ or section 194D ] or section 194DA] 30[ or section 194-I ] or section 194K, as the case may be, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the tax on his estimated total income of the previous year in which such income is to be included in computing his total income will be nil .....

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Section 197A - No deduction to be made in certain cases - Income-tax Act, 1961

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..... est paid- (a) on deposit made on or after the 1st day of April, 2005, by a non-resident or a person not ordinarily resident in India; or (b) on borrowing, on or after the 1st day of April, 2005, from a non-resident or a person not ordinarily resident in India. Explanation.-For the purposes of this sub-section "Offshore Banking Unit" shall have the same meaning as assigned to it in clause (u) of section 2 of the Special Economic Zones Act, 2005.] 22[(1E) Notwithstanding anything contained in this Chapter, no deduction of tax shall be made from any payment to any person for, or on behalf of, the New Pension System Trust referred to in clause (44) of section 10.] 33[(1F) Notwithstanding anything contained in this Chapter, no deductio .....

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Section 197A - No deduction to be made in certain cases - Income-tax Act, 1961

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..... r in which such income is to be included in computing his total income will be less than the minimum liable to income-tax" by the Finance Act, 1990, w.e.f. 1-4-1990. 9. Substituted by the Finance Act, 1995, w.e.f. 1-7-1995. Prior to its substitution, sub-section (1A), as inserted by the Finance Act, 1992, w.e.f. 1-6-1992, read as under : "(1A) Notwithstanding anything contained in section 194A, no deduction of tax shall be made under that section in the case of a person (not being a company or a firm), if such person furnishes to the person responsible for paying any income of the nature referred to in that section, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect tha .....

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Section 197A - No deduction to be made in certain cases - Income-tax Act, 1961

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..... vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, "12[section 193 or] section 194A" 28. Substituted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, "section 193 or section 194 or section 194A" 29. Substituted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, "section 193 or section 194 or section 194A" 30. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of June, 2016. 31. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of June, 2016. 32. Inserted vide THE FINANCE ACT, 2017 w.e.f. 1st day of June, 2017. 33. Substituted vide Finance Act, 2020 dated 27-03-2020 w.e.f. 01-04-2020 before it was read as "24[(1F) Not .....

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Section 197A - No deduction to be made in certain cases - Income-tax Act, 1961

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  1. Notification No. 43/2020 - Dated: 3-7-2020 - Income-tax (16th Amendment) Rules, 2020.
  2. Notification No. 41/2019 - Dated: 22-5-2019 - Income-tax (4th Amendment) Rules, 2019
  3. Notification No. 6/2017 - Dated: 30-5-2017 - Declaration in Form 15G/15H to be furnished to the Deductor/Payer for each Financial Year - Clarifications
  4. Notification No. 81/2016 - Dated: 9-9-2016 - Central Government notifies that no deduction of tax shall be made from payments of the nature specified in section 193 or section 194A or section 194-I of the Income Tax Act...
  5. Notification No. 47/2016 - Dated: 17-6-2016 - Section 197A of the income-tax Act, 1961 - Deduction of tax at source - no deduction in certain cases - Specified payment under section 197A (1F) - if payment is made to a bank listed in the...
  6. Notification No. 46/2016 - Dated: 17-6-2016 - No TDS under the Chapter XVII of the income-tax Act, 1961 on the payments of the nature specified in clause (23DA) of section 10 of the said Act received by any securitisation trust as defined...
  7. Notification No. 9/2016 - Dated: 9-6-2016 - Simplification of procedure for Form No. 15G & 15H - Clarifications
  8. Notification No. 7/2016 - Dated: 4-5-2016 - Procedure for online submission of declaration by person claiming receipt of certain incomes without deduction of tax in Form 15G/15H under sub-section (1) or under sub-section (1A) of section...
  9. Notification No. 4/2015 - Dated: 1-12-2015 - Simplification of procedure for Form No. 15G & 15H
  10. Notification No. 76/2015 - Dated: 29-9-2015 - Income-tax (14th Amendment) Rules, 2015 - Format and Procedure for Self Declaration in form No.15G or 15H to Reduce the Cost of Compliance and Ease the Compliance Burden for both, the Tax Payer...
  11. Notification No. 51/2015 - Dated: 24-6-2015 - No deduction of tax on any income of an investment fund (other than the income chargeable under the head “Profits and gains of business or profession") received by any Investment...
  12. Notification No. 17/2013 - Dated: 26-2-2013 - Section 120(1) and (2) of the Income-tax Act, 1961 - Jurisdiction of income-tax authorities
  13. Notification No. 56/2012 - Dated: 31-12-2012 - Section 197A of the income-tax Act, 1961 - Deduction of tax at source - no deduction in certain cases - Specified payment under section 197A (1F) - if payment is made to a bank listed in the...
  14. Notification No. 21/2012 - Dated: 13-6-2012 - No Deduction of tax at source (TDS) on Software
  1. SPECIAL ECONOMIC ZONES ACT, 2005
  2. Section 206AA - Requirement to furnish Permanent Account Number
  3. Section 2 - Definitions
  4. Section 194I - Rent
  5. Section 194EE - Payments in respect of deposits under National Savings Scheme, etc.
  6. Section 194DA - Payment in respect of life insurance policy
  7. Section 194D - Insurance commission
  8. Section 194A - Interest other than Interest on securities
  9. Section 194 - Dividends
  10. Section 193 - Interest on securities
  11. Section 192A - Payment of accumulated balance due to an employee
  12. Section 139A - Permanent account number
  13. Section 10(23D) to 10(50) - Incomes not included in total income [Clause (23D) to Clause (50)]
  14. Rule 31A - Quarterly statement of deduction of tax or collection of tax
  15. Rule 29C - Declaration by person claiming receipt of certain incomes without deduction of tax
  16. Form No. 15H - Declaration under section 197A(1C) of the Income-tax Act, 1961 to be made by an individual who is of the age of sixty years or more claiming certain receipts without deduction of tax.
  17. Form No. 15G - Declaration under section 197A(1) and section 197A(1A) of the Income-tax Act, 1961 to be made by an individual or a person (not being a company or firm claiming certain receipts without deduction of tax
  18. Manual - Section 197A - Self declaration for Non-deduction of TDS
  19. Manual - Section 192A - TDS from withdrawal from Employees Provident Fund Scheme
  20. Manual - Section 206AA - Requirement to furnish Permanent Account Number
  21. Manual - Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2015-16
  22. Manual - Rate of Tax Deduction at Source [TDS Chart] with Threshold limit for the Financial Year 2013-14
  23. Manual - Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2009-10
  24. Manual - Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2008-09
  25. Manual - Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2012-13

 

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