Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2015: Amendments to Section 197A of Income-tax Act Expand No Tax Deduction Scope with Declaration</h1> Clause 49 of the Finance Bill, 2015 proposes amendments to section 197A of the Income-tax Act, effective from June 1, 2015. The amendments involve sub-sections (1A) and (1C), which currently prevent tax deductions under certain sections if a specified person provides a declaration of nil tax liability. The changes include adding references to sections 192A and 194DA, expanding the scope of sections under which no tax deduction will be made, provided the required declaration is furnished.