Section 197A of the income-tax Act, 1961 - Deduction of tax at source - no deduction in certain cases - Specified payment under section 197A (1F) - if payment is made to a bank listed in the Second Schedule to the Reserve Bank of India Act, 1934 https://www.taxtmi.com/notifications?id=25341 Notification under section 197A(1F) provides that no deduction of tax at source shall be made on specified service payments-including bank guarantee commission, cash management service charges, depository charges for DEMAT maintenance, warehousing charges, underwriting charges, clearing (MICR) charges, and merchant-acquirer card commission-where such payments are made to domestic banks listed with the Reserve Bank, excluding foreign banks, effective from the notified commencement date. en-us Mon, 31 Dec 2012 00:00:00 +0530 Sat, 25 Jun 2016 18:01:00 +0530 TaxTMI RSS Generator Section 197A of the income-tax Act, 1961 - Deduction of tax at source - no deduction in certain cases - Specified payment under section 197A (1F) - if payment is made to a bank listed in the Second Schedule to the Reserve Bank of India Act, 1934 https://www.taxtmi.com/notifications?id=25341 Notification under section 197A(1F) provides that no deduction of tax at source shall be made on specified service payments-including bank guarantee commission, cash management service charges, depository charges for DEMAT maintenance, warehousing charges, underwriting charges, clearing (MICR) charges, and merchant-acquirer card commission-where such payments are made to domestic banks listed with the Reserve Bank, excluding foreign banks, effective from the notified commencement date. Notifications Income Tax Mon, 31 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25341