No deduction of tax: amendment adds section 192A and 194DA to no-deduction provision requiring prescribed declaration. Amendment expands the no deduction mechanism in section 197A by adding two withholding provisions to subsections (1A) and (1C), so that no deduction is made where the payee furnishes the prescribed duplicate written declaration, verified in the prescribed manner, asserting that tax on the payee's estimated total income for the relevant previous year will be nil, and the declaration is furnished to the person responsible for paying the income.
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Provisions expressly mentioned in the judgment/order text.
No deduction of tax: amendment adds section 192A and 194DA to no-deduction provision requiring prescribed declaration.
Amendment expands the no deduction mechanism in section 197A by adding two withholding provisions to subsections (1A) and (1C), so that no deduction is made where the payee furnishes the prescribed duplicate written declaration, verified in the prescribed manner, asserting that tax on the payee's estimated total income for the relevant previous year will be nil, and the declaration is furnished to the person responsible for paying the income.
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