TMI BlogNo TDS on on payment in the nature of lease rent or supplemental lease rent to the IFSC for lease of an aircraft - Central Government specifies that no deduction of tax shall be made under section 194-IA of the IT Act 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... NOTIFICATION NO. 65/2022 New Delhi, the 16th June, 2022 INCOME TAX S.O. 2777(E). -In exercise of the powers conferred by sub-section (1F) of section 197A read with clause (c) of sub-section (2) of section 80LA , of the Income-tax Act,1961 (43 of 1961) (hereinafter the Income-tax Act), the Central Government hereby specifies that no deduction of tax shall be made under se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the ten consecutive assessment years for which the lessor opts for claiming deduction under sub-section (1A) read with section (2) of the section 80LA of the Income-tax Act. (b) The lessee shall, - (i) not deduct tax on payment made or credited to lessor after the date of receipt of copy of statement-cum-declaration in Form No. 1 from the lessor; and (ii) furnish the particulars ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... smission of data and uploading of documents and the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies. Explanation .- for the purpose of this notification,- (a) aircraft shall have the same meaning assigned to it in the Explanation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g Regulation Act, 1949 (10 of 1949) or permission or registration under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or any other relevant law, as mentioned in sub-section (1A) of section 80LA of the Income tax Act, 1961: Statement-cum-Declaration I ...................................... son/daughter of ............................... in capacity ...................... ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all the particulars furnished above are correct and complete. Signature of the declarant (to be signed by a person competent to sign the return of income as provided in section 140 of the Income-tax Act) [F. No. 275/30/2019-IT(B)] ARVIND KUMAR MISHRA, Under Secy. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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