TMI BlogNo deduction to be made in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... income of the previous year in which such income is to be included in computing his total income will be nil .] 9 [(1A) Notwithstanding anything contained in 26 [section 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 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of the previous year in which such income is to be included in computing his total income will be nil .] 16 [(1D) Notwithstanding anything contained in this section, no deduction of tax shall be made by the Offshore Banking Unit from the interest 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 193 or omitted by the Finance Act, 1999, w.e.f. 1-6-1999. 6. Substituted for or, as the case may be, section 194A by the Finance (No. 2) Act, 1991, w.e.f. 1-10-1991. 7. Words or section 194A omitted by the Finance Act, 1992, w.e.f. 1-6-1992. 8. Substituted for his estimated total income of the previous year 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 deducti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce Act, 2012, w.e.f. 01-07-2012, before it was read as:- sixty-five years 24. Inserted vide Finance Act, 2012, w.e.f. 01-07-2012, 25 . Inserted vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of June, 2013 26. Substituted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, 10 [section 193 or] section 194A 27.Substituted 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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