Declaration for no tax deduction at source allows specified recipients to receive listed payments without withholding, subject to eligibility conditions.

Declaration for non-deduction of tax at source allows eligible recipients to furnish a prescribed declaration for specified payments so that the payer need not deduct tax at source. It applies to listed income categories, including rent, income from units, specified interest and life-insurance-policy payments, subject to the recipient's status. Except for resident individuals aged sixty years or more, the declaration is unavailable where aggregate specified income or sums for the tax year exceed the maximum amount not chargeable to tax.

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