Deduction under section 194K prohibited for income credited or paid on or after 1 June 1999. An amendment inserts a proviso into sub-section (1) of section 194K of the Income-tax Act, effective 1 June 1999, providing that no deduction shall be made under this sub-section from any income credited or paid on or after that date, thereby prohibiting the withholding deduction for such payments or credits.