No deduction under section 194 for dividends between IFSC aircraft leasing units, subject to Form No. 1 declaration and reporting. No deduction of income tax under section 194 applies to dividends paid by an IFSC unit primarily engaged in aircraft leasing to a like IFSC unit, provided the payee furnishes a verified Statement cum Declaration in Form No. 1 certifying IFSC unit status and exemption eligibility. After receipt of that declaration the payer shall not deduct tax and must report particulars of such non deducted payments in the prescribed statement of tax deductions. The tax systems authority shall prescribe secure procedures for data capture, transmission and archival.