No Tax Deduction for Payments to Banks u/s 197A(1F) of Income-tax Act: Facilitating Financial Transactions. https://www.taxtmi.com/highlights?id=29896 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 - Notification en-us Wed, 22 Jun 2016 18:33:22 +0530 Wed, 22 Jun 2016 18:33:22 +0530 TaxTMI RSS Generator No Tax Deduction for Payments to Banks u/s 197A(1F) of Income-tax Act: Facilitating Financial Transactions. https://www.taxtmi.com/highlights?id=29896 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 - Notification Highlights Income Tax Wed, 22 Jun 2016 18:33:22 +0530 https://www.taxtmi.com/highlights?id=29896