Deduction under section 194C exempted for individual goods-carriage subcontractors with up to two vehicles on prescribed declaration; payer to report. Amendment creates an exemption from deduction on payments to individual subcontractors in the business of plying, hiring or leasing goods carriages who declare in the prescribed form, verified and timely, that they did not own more than two goods carriages during the previous year; the payer must furnish prescribed particulars of such payments and declarations to the prescribed income-tax authority, and 'goods carriage' is defined consistent with the Act's goods carriage explanation.