Tax deduction relief for IFSC units requires payer receipt of statement before withholding and specified reporting obligations. No deduction of tax shall be made under specified TDS provisions on listed payments to Units in an International Financial Services Centre, subject to the payee furnishing a verified statement-cum-declaration in Form No. 1 covering the ten consecutive assessment years for which section 80LA is opted; upon receipt the payer must not deduct tax and must report such payments in TDS returns, with relief limited to income from the Unit's approved IFSC business and administrative procedures for secure data handling prescribed.