Nil-tax declaration exemption prevents tax deduction under sections 194A and 194K when taxpayer files prescribed declaration. No deduction of tax shall be made under section 194A or section 194K if a person (not being a company or firm) furnishes to the payer a written declaration in duplicate, in the prescribed form and verified in the prescribed manner, that the tax on his estimated total income for the previous year will be nil; the substituted provision is effective from 1 July 1995.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Nil-tax declaration exemption prevents tax deduction under sections 194A and 194K when taxpayer files prescribed declaration.
No deduction of tax shall be made under section 194A or section 194K if a person (not being a company or firm) furnishes to the payer a written declaration in duplicate, in the prescribed form and verified in the prescribed manner, that the tax on his estimated total income for the previous year will be nil; the substituted provision is effective from 1 July 1995.
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