Central Government notifies that no deduction of tax shall be made on the payment under section 194EE of the IT Act 1961 - withdrawal from National Savings Scheme or payment to a deferred annuity plan - 27/2025 - Income Tax Act, 1961
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TDS exemption on National Savings Scheme withdrawals: no deduction under section 194EE for qualifying individual withdrawals. The Central Government has specified that no deduction of tax under section 194EE shall be made on amounts referred to in clause (a) of sub section (2) of section 80CCA when withdrawn by an assessee who is an individual; the notification is effective from its publication in the Official Gazette.
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.
TDS exemption on National Savings Scheme withdrawals: no deduction under section 194EE for qualifying individual withdrawals.
The Central Government has specified that no deduction of tax under section 194EE shall be made on amounts referred to in clause (a) of sub section (2) of section 80CCA when withdrawn by an assessee who is an individual; the notification is effective from its publication in the Official Gazette.
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